After recent company updates by Australian peers, Citi concludes that the likes of funds-management-exposed Goodman Group stands to benefit. This is considered due to the impact of rising property values on funds under management (FUM).

The read through from strong revaluations reported by Charter Hall Group ((CHC)) is of particular relevance and should help support sector pricing, suggests the analyst. The Buy rating and $26 target price are unchanged.

Sector: Real Estate.

Target price is $26.00.Current Price is $26.05. Difference: ($0.05) - (brackets indicate current price is over target). If GMG meets the Citi target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena