J P M O R G A N Asia Pacific Equity Research 06 August 2026 A-REIT July Monthly Step up in the long bond prevents a 3rd month of REIT outperformance Australian REITs Richard Jones, CFA AC (61-3) 9633-4038 richard.b.jones@jpmorgan.com Connor Eldridge (61-2) 9003-6415 connor.eldridge@jpmorgan.com Adam West (61-2) 9003-8010 adam.west@jpmorgan.com J.P. Morgan Securities Australia Limited ASX200 REITs (-0.1%) underperformed the broader market in July (ASX200 index +2.3%), with rates the dominant swing factor: th ...