Region's Hedged Position Offers Nice Contrast to Other REITs
Dow Jones
Aug 18
0033 GMT - Mall owner Region's debt strategy pleases Jarden and helps to balance a small miss to FY27 earnings guidance. "We like the fact that Region is highly hedged at favorable hedge rates, particularly at a time when most REITs are facing debt cost headwinds/gearing ticking up," analyst Carl Braganza says. Region is 83% hedged in FY27, and 66% hedged in FY28. Jarden retains a neutral call on Region, noting business fundamentals remain sound, with leasing spreads of 4% and portfolio moving annual turnover growth of 3.3%. Region forecasts funds from operations of 16.5 Australian cents/security in FY27, below consensus hopes for 16.6 cents. The stock is down 2.8% at A$2.295.
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