SPH REIT is off to a steady start

SINGAPORE (Jan 13): CIMB Securities is reiterating its “hold” call on SPH REIT with an unchanged target price of 95 cents.

(See also: SPH REIT 1Q DPU up 0.8% to 1.34 cents)

This comes after the REIT posted a 0.8% increase in distribution per unit (DPU) to 1.34 cents in 1Q17 – which is line with the research house’s estimates – on the back of positive rental reversions from both of its mall properties.

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