MGR fell 2.6% on Wednesday, outpacing the real estate sector’s 2.4% decline. We continue to believe the real estate sector will benefit from another 1 or 2 rate cuts by the RBA. Still, we can see ourselves reducing our overall exposure if/when the sector enjoys a push to fresh 2025 highs into Christmas.
- We like the risk/reward towards MGR in the $2.20 region: MM holds MGR in its Active Growth Portfolio.
MM is long and bullish MGR
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