Viva Industrial Trust zeroing in on all the right prospects

SINGAPORE (Sept 13): RHB is initiating coverage of Viva Industrial Trust (VIT) at “buy” with a target price of 85 cents, noting a strong tenant profile; high exposure to the business park segment; and higher projections of earnings contributions from asset enhancement initiatives (AEI) for Viva Business Park (VBP).

VIT is an industrial REIT with a 100% Singapore-based portfolio, comprising eight properties worth a total of about $1.1 billion to date.

The trust last posted a rise in distribution per stapled security (DPS) to 1.75 cents in 2Q16, 6.8% up from 1.638 cents in the preceding quarter.  

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