0350 GMT - ESR-REIT's debt management looks proactive, Maybank Research's Krishna Guha says in a note. The REIT is actively working toward reducing gearing to 40% or lower, compared with 43.3% as at Sept. 30. It has also identified S$250 million-S$350 million of noncore divestments, the analyst says. The REIT offers relatively high yield, is undertaking efforts to divest suboptimal assets, and was recently assigned an investment-grade credit rating by Fitch Ratings. Maybank Research upgrades the trust to buy from hold and raises the target price to S$3.00 from S$2.00. Units are 1.1% lower at S$2.79. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 22:50 ET (03:50 GMT)
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