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<WIRE> Jefferies Forecasts No Surprises from Major Australian REIT Results - Highlights Goodman Group (ASX:GMG) as Top Pick



Analysts at Jefferies have predicted that the upcoming results from major Australian real-estate investment trusts (REITs) are likely to align with prevailing market consensus.

The broker maintains this view given that most REITs have already reaffirmed FY23 guidance in their April and May announcements, and therefore expects few unforeseen outcomes.

Additionally, Jefferies suggests that investors should pay attention to outlook commentary and operating metrics reflecting increased interest rates.

It also anticipates that local market conditions will largely shape REITs' performance in FY24.

Among various REITs assessed, Goodman Group (ASX:GMG) was singled out as Jefferies' preferred choice.

Other REITs included Centuria Industrial, Centuria Office, Charter Hall, and Dexus.

Goodman Group is a global property group that specializes in owning, developing and managing industrial real estate.


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