ASX Real Estate Stocks

Hi Darren,

The 3 stocks mentioned are listed below with a fairly similar view across them, i.e. as sector they’re likely to struggle if rates hikes happen.

• GPT Group (GPT) $4 – GPT’s operating metrics remain sound and FY24 guidance is unchanged. We now look to the 1H24 result shortly. We would be more interested ~$3.50 – the unfranked yield of almost 6% may appeal to some income focused investors.
• Stockland (SGP) $4.16 – endured a tough week like most in space after Wednesdays hot CPI. We see value presenting itself ~$4 but it’s not for us – again the unfranked yield of almost 6.5% may appeal to some income focused investors, but we have a preference for the more specialised property stocks.
• Waypoint REIT $2.18 – an underperformer in the space trading close to 3-year lows. We do like this stock, and have discussed a few times in the past, an attractive yield above 7% but a test of $2 wouldn’t surprise.

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GPT Group (GPT)

LAST UPDATED 28/06/2024 15:32

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GPT Group (GPT)

LAST UPDATED 28/06/2024 15:32