Ord Minnett revisits REITs after recent market falls and nominates GPT Group as its least favourite sector pick, given it has the lowest interest rate hedging in the sector, at a time of rising inflation.
The broker also believes vacancy risk exists in the company's office portfolio, with more than 30% of the portfolio due to expire before the end of 2024.
Lighten rating retained. Target price is
Sector: Real Estate.
Target price is
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