** Analysts at Morgan Stanley "assert" that 2025 should be a stronger year for the office real estate firms in Australia
** Brokerage sees stabilisation happening first in terms of valuation for office real estate firms, while cash earnings could lag another 12-18 months
** Morgan Stanley however lowers price target for Dexus DXS.AX to A$7.30 from A$8.25, lowers PT for Centuria Office REIT COF.AX to A$1.23 from A$1.35
** Says asset-heavy REITS like DXS or COF could continue to face challenges from cash earnings headwinds, due to high vacancy/incentives
** Aussie real estate sub-index .AXRE up around 1.1% as of 2309 GMT, snapping four sessions of losses
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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