Property and Infrastructure

Reporting season revealed some subtle changes in the strategies of Australian Real Estate Investment Trusts.

Australian real estate investment trusts are outperforming the rest of the market and in a world of low interest rates brokers expect this can continue.

Novion and Federation Centres have proposed a merger and brokers weigh up the benefits, or otherwise, of such a deal.

Cromwell Property has acquired a European property funds manager, Valad Europe, but brokers are lukewarm about the deal.

Credit Suisse adds to top picks; TV advertising subdued while online continues to grow; Xmas trade better than expected; issues for some retail stocks; and A-REITs still attractive for Morgan Stanley.

Australian real estate investment trusts have been outperforming, both on a national and global measure, but this does mean value is harder to find.

Brokers find opportunities for key players as the waning Western Australian resources boom signals the state’s property market is past its peak.

The backdrop remains challenging for retail-exposed Australian real estate investment trusts while those exposed to housing are best placed.

Residential developer Peet has acquired stakes of varying sizes in six projects with approval from brokers.

Most brokers are comfortable Stockland can meet its growth targets but the question is as to whether all the upside is factored in.