Australian Investors Could Pivot to 'Daily Needs' Retail Landlords -- Market Talk

Dow Jones

Jan 15

2156 GMT - The risk of investors rotating out of Australian discretionary retail REITs into daily needs-style landlords prompts Jefferies to change its calls on several stocks. Jefferies downgrades Vicinity Centres to underperform, from hold, while reducing its price target by 11% to A$2.20/share. In contrast, the bank upgrades Charter Hall Retail REIT to buy, from hold. Analyst Andrew Dodds points out that discretionary retail landlords such as Vicinity Centres outperformed in 2025 despite very little news flow and few catalysts. "We think a weaker Christmas/Boxing day retail period (consistent with our consumer team's view), adverse shift in cash rate expectations, and softer management outlook commentary could see this trade unwind," Jefferies says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 14, 2026 16:56 ET (21:56 GMT)

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Jefferies downgrades <a href=\"https://laohu8.com/S/CNRAF\">Vicinity Centres</a> to underperform, from hold, while reducing its price target by 11% to A$2.20/share. In contrast, the bank upgrades <a href=\"https://laohu8.com/S/CTOUF\">Charter Hall</a> Retail REIT to buy, from hold. Analyst Andrew Dodds points out that discretionary retail landlords such as <a href=\"https://laohu8.com/S/VCX.AU\">Vicinity Centres</a> outperformed in 2025 despite very little news flow and few catalysts. \"We think a weaker Christmas/Boxing day retail period (consistent with our consumer team's view), adverse shift in cash rate expectations, and softer management outlook commentary could see this trade unwind,\" Jefferies says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2026 16:56 ET (21:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian Investors Could Pivot to 'Daily Needs' Retail Landlords -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian Investors Could Pivot to 'Daily Needs' Retail Landlords -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-15 05:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2156 GMT - The risk of investors rotating out of Australian discretionary retail REITs into daily needs-style landlords prompts Jefferies to change its calls on several stocks. Jefferies downgrades <a href=\"https://laohu8.com/S/CNRAF\">Vicinity Centres</a> to underperform, from hold, while reducing its price target by 11% to A$2.20/share. In contrast, the bank upgrades <a href=\"https://laohu8.com/S/CTOUF\">Charter Hall</a> Retail REIT to buy, from hold. Analyst Andrew Dodds points out that discretionary retail landlords such as <a href=\"https://laohu8.com/S/VCX.AU\">Vicinity Centres</a> outperformed in 2025 despite very little news flow and few catalysts. \"We think a weaker Christmas/Boxing day retail period (consistent with our consumer team's view), adverse shift in cash rate expectations, and softer management outlook commentary could see this trade unwind,\" Jefferies says. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HDN.AU":"HOMECO DAILY NEEDS REIT","BK7162":"零售房地产信托","SCG.AU":"SCENTRE GROUP","ISBC":"投资者银行","BK7005":"零售业房地产投资信托","CQR.AU":"CHARTER HALL RETAIL REIT","VCX.AU":"VICINITY CENTRES","BK7510":"REITs概念","BK4211":"区域性银行"},"translate_title":"澳大利亚投资者可能会转向“日常需求”零售房东——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VCX.AU":0.9,"HDN.AU":0.9,"CQR.AU":0.9,"SCG.AU":0.9,"ISBC":1.5},"content_text":"2156 GMT - The risk of investors rotating out of Australian discretionary retail REITs into daily needs-style landlords prompts Jefferies to change its calls on several stocks. Jefferies downgrades Vicinity Centres to underperform, from hold, while reducing its price target by 11% to A$2.20/share. In contrast, the bank upgrades Charter Hall Retail REIT to buy, from hold. 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