Citi remains cautious on Australia's EVT over potential flagged divestments

EVT

24/08/2026 21:39

** Analysts at Citi say "patience will be needed" for EVT's EVT.AX assets that have been identified to be divested over the coming years
** The entertainment and travel firm said on Monday it has identified around A$800 mln ($571.84 mln) of non-core property assets for divestment on a value-first basis
** We are concerned that increasing development costs combined with higher financing costs might be impacting prices buyers can pay in the current market - Citi
** Citi sees potential changes to current structure of group
** Stock up 22.1% YTD, as of last close
     
($1 = 1.3990 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))