0331 GMT - CapitaLand Integrated Commercial Trust's asset enhancement initiatives are set to begin contributing in 2H, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains the REIT's buy rating. Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 09, 2025 22:31 ET (03:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。