Property and Infrastructure

Low interest rates are underpinning the strength in Australian Real Estate Investment Trusts (AREITs). This story hasn’t played out in full just yet.

Ford shuts shop in Australia, Australian dollar forecasts are reviewed and brokers ask when the rally in Australian banks will end.

CSR has weathered FY13, just. Brokers like the low debt levels but find the company hamstrung by soft housing. Then there’s Viridian.

Stockland is tightening its focus to retail commercial property and residential communities. Brokers look at how this will be managed.

Mirvac has added seven office assets to its portfolio. Are they good buys? Brokers believe time will tell.

A number of brokers have taken a look at Infrastructure and Utilities stocks over the past few weeks in a move to guide their customers to yield.

Downer EDI has sorted out its problems and brokers are impressed. The company is considered well placed to deal with the obstacles ahead.

The A-REIT sector is being underpinned by low interest rates. The focus of brokers is on yield, earnings and portfolio location.

Fletcher Building is benefiting from the Christchurch rebuild, but elsewhere in NZ and in Australia the story is not so rosy.

UGL surprised brokers by announcing a corporate review and they suspect it is designed to shake up sagging confidence in the stock.