UBS names its top picks amid REIT rout

Martin KellyReporter

Jun 21, 2022 – 11.40am

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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.

Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments.