Citi sees upside for Australian real estate sector ahead of property conference
BUZZ-Citi sees upside for Australian real estate sector ahead of property conference ** Citi sees its Australian Real Estate Conference next week as a "critical inflection point" for the sector .AXRE
** Brokerage expects management commentary to be more reassuring than what current market positioning suggests
** Retail REITs could provide the biggest positive surprise at the conference, with near-full occupancy across retail landlords Vicinity Centres VCX.AX, GPT Group GPT.AX and Charter Hall CHC.AX - Citi
** Says data centre demand remains structurally intact and sees Goodman Group GMG.AX approaching key leasing milestones ahead of its November 4 quarterly update
** Stable sales volumes at Stockland Corporation SGP.AX and Mirvac Group MGR.AX would be a positive surprise relative to bearish sentiment towards the Australian housing market - Citi
** Real Estate sub-index down 17.3% YTD
(Reporting by Paridhi Minda in Bengaluru)
Recent news on Stockland
See all newsAustralia's Stockland rises as Citi continues to see data centre upside
Citi says Stockland's FY27 outlook stays intact as data centre pipeline advances
Australia's Stockland Corporation slips on lower quarterly net sales
Citi sees upside for Australian real estate sector ahead of property conference
Australia's Stockland marks best day in over 6 years on upbeat forecast, annual profit