0755 GMT - IREIT Global's distribution per unit could decline in 2025-2026, says RHB Research's Vijay Natarajan in a note. The Singapore-listed REIT's DPU will likely be weighed in the near term by the continuing redevelopment of its Berlin office asset into a multilet, mixed-use asset, he says. The analyst expects its DPU to rise sharply in 2027 after the redevelopment is completed. The Berlin asset is likely to secure at least one new tenant by 1Q, he adds. The REIT's units trade at around a 50% discount to book value, which he finds attractive. RHB maintains its buy rating and S$0.35 target price on IREIT, which rises 1.75% to S$0.29. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 24, 2025 02:55 ET (07:55 GMT)
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