Listed A-REITs - Trading Metrics - 9 April 2024
Trading Metrics of the listed A-REITs on a sector by sector basis
Core Property has released our latest Trading Metrics Report, which has been updated to include the results from 35 ASX-listed property securites following the February 2024 reporting season. Some of the key points in the report include:
- Falling asset values, due to an average 21 bps increase in capitalisation rates, resulting in statutory losses for many REITs.
- Average Core earnings declined by 6.8% over the previous corresponding period.
- Share price strength in the March 2024 quarter has reduced average yields to around 5.7% (excluding fund managers) with a wide range of yields from 4.5% - 11.8%.
- Security prices are trading at an average 11.3% discount to NTA.