This REIT has tracked the Australian Real Estate Sector almost perfectly, it feels tired around $5 while buyers clearly emerge into weakness back around $4 and $4.50, this makes sense for a stock forecast to yield 5.22% over the next 12-months. SGP benefited, as did MGR, from strong residential sales but their also making strong headway from their retirement living operations with settlements up over 22% in FY21.
MM is neutral / slightly positive SGP
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