Property and Infrastructure

With Nomad Building Solutions struggling to return to profitability and offering limited earnings visibility RBS has ceased coverage on the stock.

BIS Shrapnel’s Building in Australia 2011 report suggests Australian building commencements will recover from 2011/12, but a recovery in residential starts will take longer to develop.

Weekly update on recommendation, target price, and earning forecast changes.

Australian houses will remain unaffordable for many years to come, suggests the AMP.

Weekly update on recommendation, target price, and earning forecast changes.

Weekly update on recommendation, target price, and earning forecast changes.

Further reviews of the Australian REIT sector see value identified among some residential and retail names.

While conditions for Australian retailers are very tough, retail landlords are likely to see only a limited earnings impact.

JP Morgan has revised its order of preference among residential REITs, while conditions appear to be improving in the office and retail sectors.

Recent outperformance sees JP Morgan unwind a positive bias on Australian office REITs, while brokers have updated on Commonwealth Property Office on news of asset sales.