ESR-REIT ‘Turning Around’ With Interest Savings, ‘Sharp’ Turnaround In DPU Expected: RHB
Edge
Jul 15
With a recent 10-to-1 share consolidation exercise and expectations of a sharp turnaround in core distribution per unit (DPU), ESR-REIT is “turning around”, says RHB Bank Singapore analyst Vijay Natarajan.
He keeps his “buy” call on the REIT in a July 11 note, with a higher target price of $3.25 from $3.15 previously.
Natarajan notes that there has been “muted” tariff impact so far across the industrial REIT’s portfolio in Singapore, Australia and Japan; and management is eyeing more divestments on the cards.
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