Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

There Is Nothing Democratic with Digital Retail. Westfield FVE cut 11% to AUD 8.90

Tectonic shifts are occurring in the retail sector, and the most impactful will likely remain digital retailers systematically taking sales from brick-and-mortar retailers. Recent innovations by digital retailers plus ongoing high sales growth rates is why we now believe retail landlords and their base rents will suffer more than our prior estimates. Households in developed countries are rapidly changing their retail spending patterns, with the astronomical growth in free delivery, particularly ...
Underlying
Westfield Corporation Limited

Westfield is engaged in the ownership, development, design, construction, asset management, leasing and marketing activities with respect to its U.S. and U.K. portfolio. Co.'s operational segment comprises the property investment and the property and project management segments. Property investments segment includes activities related to existing shopping centres and completed developments. Property and project management segment includes property management and development for third parties.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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