Business
This beaten-down ASX sector could soon be turning the corner
ASX property shares have started recovering from their COVID-19 blues but office landlords are still struggling cover lost ground.
But a turnaround may not be far off. The analysts at Macquarie Group Ltd (ASX: MQG) noting some positives from the latest JLL industry data covering the March quarter.
ASX office shares falling behind
Any turn in sentiment would be good news for the DEXUS Property Group (ASX: DXS) share price. It has only inched up 4.6% over the past year when the S&P/ASX 200 Index (Index:^AXJO) surged 30%.
Fellow office-exposed property groups aren’t faring that much better. The Mirvac Group (ASX: MGR) share price gained around a modest 7% and the GPT Group (ASX: GPT) share price added less than 17%.
Glimmer of hope…
-
Noosa News22 hours agoEnsure voices are heard – Proctor
-
Noosa News24 hours agoCity of Moreton Bay claims homeless people consented to having camps thrown away
-
Business19 hours agoUp 34% this year, can Challenger shares keep rising according to Macquarie?
-
General23 hours agoReserve Bank board still looking for yesterday’s news