CLSA slaps a buy on listed retail landlords

Original article by Matthew Cranston
The Australian Financial Review – Page: 28 : 20-Jul-17

Shares in Australian-listed real estate investment trusts have fallen sharply in 2017, with Westfield Corporation and Vicinity Centres shedding 16.7 per cent and 13.7 per cent respectively. The A-REIT sector has fallen by about 10 per cent in the last month, but Sholto Maconochie of CLSA is upbeat about the outlook for the sector, and retail property trusts in particular. CLSA favours Scentre Group and Vicinity Centres, and the firm’s rating on the latter has been upgraded to "outperform".

CORPORATES
WESTFIELD CORPORATION – ASX WFD, VICINITY CENTRES – ASX VCX, SCENTRE GROUP – ASX SCG, CLSA AUSTRALIA PTY LTD, CBRE PTY LTD, CHADSTONE SHOPPING CENTRE, DEXUS PROPERTY GROUP – ASX DXS, INVESTA OFFICE FUND – ASX IOF

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