The Business Times
business-time-50

Brokers’ take: Analysts positive on SPH Reit’s near-term prospects as tenant sales recover

google-preferred-sourceAdd BT as a preferred source
Michelle Zhu

Michelle Zhu

Published Tue, Oct 11, 2022 · 12:31 PM
    • DBS Group Research continues to like SPH Reit as one of the key beneficiaries of SIngapore’s reopening – particularly its anchor asset Paragon Mall..
    • DBS Group Research continues to like SPH Reit as one of the key beneficiaries of SIngapore’s reopening – particularly its anchor asset Paragon Mall.. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CGS-CIMB and DBS Group Research have maintained their respective “hold” calls on SPH Reit while noting improved operating metrics and tenant sentiment as well as recovering portfolio reversions.

    This comes after the real estate investment trust (Reit) reported a 2.2 per cent rise in distribution per unit (DPU) for the 12 months ended August 2022, boosted by increased footfall and subsequent tenant sales recovery at its Singapore assets.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Brokers' TakeSPH ReitS-ReitsRetail

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More