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Robert Harley

Report card on the REITs: mind your debts

Lessons from earnings season: retail property surprised on the upside, logistics cooled a tad, office continued to lag, and housing inquiry rose.

Charter Hall Group managing director David Harrison, the industry leader who coined the word “bifurcation” to describe the widening performance gap between prime and secondary commercial property, has added another term to the real estate lexicon.

At his half-year results, he warned investors against the “reversion romance” in the pricing of industrial assets.

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Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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    Original URL: https://www.afr.com/property/commercial/report-card-on-the-reits-mind-your-debts-20240228-p5f8g1