Goldman Sachs has suspended its sell-side research on real estate investment trusts (REITS) listed in Australia and New Zealand as well as big listed property businesses like Charter Hall and Stockland, as one analyst leaves the firm and another ...
Jeffrey Pehl, an executive director is leaving after nearly 12 years with the bank, while Daniel Downes, an equity research associate, is transitioning to a new role within global investment research.
As a result Goldman Sachs suspended coverage of ANZ REITs, according to a note sent to clients on Monday signed by Australian co-heads of equity research Matthew Ross and Andrew Lyons and by Hong Kong-based equity research managing directors Phillippa Vizzone and Joy Nguyen. The stocks affected include Centuria Capital Group, Charter Hall Group, GPT Group, Goodman Group, Mirvac Group, Scentre Group, Stockland and Vicinity Centres.
REITs affected include Charter Hall Retail REIT, Charter Hall Social Infrastructure REIT, Arena REIT, HomeCo Daily Needs and others. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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