SPH REIT kept at 'Hold' as Paragon's negative rental reversions narrows

-A +A

SINGAPORE (July 12): CGS-CIMB is reiterating its “Hold” recommendation on SPH REIT, with a target price of S$1.07.

This came following the trust posing its 3Q18 results, which were within the research house’s expectations.

Distribution per unit (DPU) for 3Q18 remain unchanged from 3Q17 at 1.37 cents.

However, gross revenue dropped 2.9% to S$51.8 million, from S$53.3 million last year. With property operating expenses increasing 0.6% y-o-y to...(click on link for full story on theedgesingapore.com)