Australian property companies are among the top of the class in 2014, a turnaround from five years ago when they were the stock-market stragglers, as higher payouts and low volatility lure yield-hungry investors.
Goodman Group, Australia’s biggest industrial real estate investment trust by market value, said it formed an $890 million partnership with the Canada Pension Plan Investment Board to develop and buy property in North America.
The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.
An expansion by online retailers including Arezzo Industria & Comercio SA and Walmart.com is causing warehouse space in Brazil to double in size, luring foreign investors from Prologis Inc. to Goodman Group.