0217 GMT - IREIT Global faces an earnings hit from headwinds at its Berlin Campus in Germany, DBS Group Research analysts say in a research report. The REIT is repositioning its Berlin Campus, a process that could take 18-24 months, the analysts say. The property was vacated as of end-December, and repositioning work is likely to start in 2Q, they say. This could result in a substantial revenue absence, though the repositioning exercise will likely create long-term value for the REIT's portfolio and is projected to more than double rents once completed. Additionally, the REIT faces rising financing costs as loans are refinanced early, they add. DBS cuts the REIT's target price to S$0.25 from S$0.33 while maintaining an unchanged hold rating. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 21:17 ET (02:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。