Analysts lift A-Reit's target price on structural tailwinds, stable occupancy

Singapore

ASCENDAS Real Estate Investment Trust's (A-Reit) diversified portfolio and potential accretive acquisitions are likely to help offset the uncertain outlook, although it will be weighed down in the near term by the further rental relief it provides to tenants.

This is according to analysts who have increased their target prices (TPs) for units of the real estate investment trust (Reit). CGS-CIMB raised its TP to S$3.12 from S$3.00 previously, Jefferies lifted the TP to S$3.80 from S$3.50, while DBS upped the TP to S$4.00, from S$3.45 previously.