3 reasons to ‘buy’ A-REIT right now

SINGAPORE (Nov 18): Nomura Global Markets Research has upgraded Ascendas Real Estate Investment Trust (A-REIT) from “neutral” to “buy” with a lower target price of $2.48 from $2.50 previously.

This is despite the trust having reported in the previous month a 3.1% fall in 2Q FY16/17 distribution per unit (DPU) to 4.03 cents.

In a Wednesday report, analysts Min Chow Sai and Royston Tan explain that the research house’s bullish stance is on account of three reasons:

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