They also see a close correlation between CLINT’s DPU growth and higher P/B multiples. With transactions in India within the 12%-15% returns — much higher than its cost of capital — CLINT remains in the sweet spot to deliver accretive acquisition to unitholders, Tan and Lai highlight.
DBS Group Research analysts Derek Tan and Dale Lai have maintained their “buy” call on CapitaLand India Trust (CLINT) with a target price of $1.50 following the REIT’s release of its 2HFY2022 ended December results.
In their Feb 7 report, the analysts note that CLINT’s FY2022 distribution per unit (DPU) is in line with estimates.
