Allan Gray Favors Office REITs as Market Overplays AI Threat

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Allan Gray Favors Office REITs as Market Overplays AI Threat
Allan Gray Australia Ltd. is favoring stocks related to beaten-down office landlords, expecting the sector to rebound as investors overestimate the threat artificial intelligence poses to demand for office space.
Office real estate investment trusts have been the A$2.6 billion ($1.8 billion) Allan Gray Australia Equity Fund’s largest area of capital deployment over the past 12 months “by a country mile,” Chief Investment Officer Simon Mawhinney said in an interview last week. Dexus, whose shares have fallen more than 20% over the same period, has risen from the fund’s 16th-largest investment in December 2025 to its second largest today.

document fetched 2026-10-06 02:55 · canonical https://bloomberg.com/news/articles/2026-10-05/allan-gray-favors-office-reits-as-market-overplays-ai-threat