Equity Research Analyst, Real Estate Investment Trusts

About the role

Macquarie Capital's Equities Research team is looking for an Equity Research Analyst to join its coverage of the Australian listed real estate sector. You will work closely with senior analysts to deliver high-quality, differentiated research for institutional investors, building and maintaining financial models, contributing to investment recommendations and producing timely written research on listed Australian Real Estate Investment Trusts.

Key responsibilities

• Build, maintain and enhance detailed financial, earnings and valuation models for companies in the Australian REIT sector, and analyse financial statements, results, market announcements, property portfolios and operating metrics.
• Support earnings forecasts, valuations, investment views and stock recommendations, and draft company research, results commentary, sector updates and thematic publications.
• Monitor sector, macroeconomic and regulatory developments, including interest rates, capital markets activity and real estate fundamentals, and contribute to research on property subsectors such as office, retail, industrial, residential and diversified property.
• Assist with company meetings, management briefings, property tours, industry events and reporting-season activity, preparing data and analysis for client discussions, presentations and investor enquiries.
• Work with colleagues across Research, Sales and Trading while keeping research accurate, independent and compliant with regulatory requirements and company policies.

Required profile

• Relevant experience in equity research, investment banking, funds management, corporate finance, transaction services, real estate advisory or a related analytical role.
• A relevant tertiary qualification in finance, accounting, economics, property or a related discipline.
• Previous exposure to REITs, real estate, infrastructure or another capital-intensive sector is advantageous; progress towards a CFA, CA or CPA is also advantageous but not essential.

Required skills

• Strong financial modelling, accounting, forecasting and valuation capabilities.
• Ability to interpret company financial information and turn complex analysis into clear investment insights.
• Strong communication skills, attention to detail, sound commercial judgement and the ability to meet tight deadlines.

What we offer

• Wellbeing leave and up to 5 additional service bonus leave days per year.
• Paid parental leave and gender affirmation leave, plus volunteer leave and donation matching.
• Employee assistance program and wellbeing benefits, and salary packaging options.
• Learning and development opportunities, including reimbursement for professional memberships.
• Hybrid and flexible working arrangements, and reimbursement for work-from-home equipment.