{"id":23362,"date":"2023-09-30T03:52:33","date_gmt":"2023-09-30T03:52:33","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/brickworks-property-outlook-for-investments-keeps-citi-bullish-market-talk\/"},"modified":"2023-09-30T03:52:34","modified_gmt":"2023-09-30T03:52:34","slug":"brickworks-property-outlook-for-investments-keeps-citi-bullish-market-talk","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23362","title":{"rendered":"Brickworks Property, Outlook for Investments Keeps Citi Bullish &#8212; Market Talk"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230928-709843\" role=\"document\">\n<p>While Brickworks is facing near-term earnings weakness investors should turn their focus to the longer term potential of its property business and investments, Citi analyst Suraj Nebhani says. &#8220;BKW provides a unique exposure to landbank in a market where industrial assets continue to be in strong demand, while approved and serviced industrial land continues to be in short supply,&#8221; he says in a note, lifting Citi&#8217;s target on the stock to A$28.75 from A$28.50. The company has historically been a consistent performer and its gearing remains at a comfortable 18%, says Nebhani. Brickworks is now focused on maximizing returns and reducing capital intensity, he says. &#8220;We therefore retain our Buy rating.&#8221; Brickworks last traded at A$24.07, after shedding 6.4% Thursday on a fall in annual earnings. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/brickworks-property-outlook-for-investments-keeps-citi-bullish-market-talk-7826e0fd?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Brickworks is facing near-term earnings weakness investors should turn their focus to the longer term potential of its property business and investments, Citi analyst Suraj Nebhani says. &#8220;BKW provides a unique exposure to landbank in a market where industrial assets continue to be in strong demand, while approved and serviced industrial land continues to<\/p>\n","protected":false},"author":1,"featured_media":9638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-23362","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brickworks Property, Outlook for Investments Keeps Citi Bullish -- Market Talk | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"While Brickworks is facing near-term earnings weakness investors should turn their focus to the longer term potential of its property business and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=23362\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brickworks Property, Outlook for Investments Keeps Citi Bullish -- Market Talk | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"While Brickworks is facing near-term earnings weakness investors should turn their focus to the longer term potential of its property business and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=23362\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-30T03:52:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-30T03:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=23362#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=23362\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"Brickworks Property, Outlook for Investments Keeps Citi Bullish &#8212; 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