Garda Property Group's December-half result pleased Morgans thanks to improved portfolio occupancy.

Revaluation since October triggered a 14% upswing in portfolio value and another round of revaluations are expected by June.

The company has announced the purchase of a commercial property in Melbourne's Hawthorn east and plans to offload its industrial property at Heathwood in Queensland.

Target price rises to $1.83 from $1.71 on net asset valuation. Add rating retained.

Sector: Real Estate.

Target price is $1.83.Current Price is $1.70. Difference: $0.13 - (brackets indicate current price is over target). If GDF meets the Morgans target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena