Share to buy – Westfield (WFD)
Posted on August 4, 2015
Westfield has added five new assets to its flagship portfolio, it was revealed at the recent quarterly update.
Portfolio metrics are generally healthy, with sales and rents up, albeit occupancy and rent per sqm have slipped.
Ongoing positives are the potential for a restructure, material apartment earnings, and exposure to a lower Aussie dollar.
Technically, WFD has recently bounced strongly off its longer-term EMA filter (green line) and has broken higher from a consolidation zone.