Brokers' take

Cromwell European Reit | Buy Target price: 0.63 euro April 10 close: 0.595 euro DBS Group Research, April 10

CROMWELL European Real Estate Investment Trust (CERT) is the first Singapore-listed Pan-European real estate investment trust (Reit) with a diversified portfolio of office, light industrial/logistics and retail properties.

With an improving European economy, it is well-positioned to benefit from an uplift in rents. In addition, with European property yield spreads being above the historical 10-year average, it is poised to gain from increases in property values.