ALZ australand property group

terrible result

  1. 1,502 Posts.
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    residential terrible and will worsen, particularly given NSW exposure and rising rates. industrial poor (result propped up by asset sales).

    half-yearly cash EPS (excluding revaluations) 5.7c vs 8c DPS. does not augur well for DPS sustainability.

    expect to hit 170-175 next week. could trade lower.
 
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Currently unlisted public company.

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