UBS names its top picks amid REIT rout
Investment bank UBS has reset its expectations of the listed property market amid the sector’s 25 per cent rout on the ASX this year, and says buying opportunities are emerging because of savage stock price falls.
UBS has cut its previous price targets on Australian real estate investment trusts (A-REITs) by an average of 15 per cent, and thinks the best value is in GPT, Scentre, Stockland, Mirvac, Charter Hall Group and Centuria Industrial REIT.
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