SINGAPORE (Oct 27): Cambridge Industrial Trust’s (CREIT) portfolio repositioning for the current downturn is leading DBS to maintain its “hold” call with a target price of 54 cents.

“The strategic review may open up a myriad of scenarios (M&A, trade sale or even an internalisation of manager),” says analyst Derek Tan in a Wednesday report.

Tan notes that CREIT’s portfolio occupancy is high at the expense of declining rents, which is “a painful but justified strategy for the REIT”.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook