“CRT offers investors strong DPU visibility as its distribution income is hedged till Dec 2018 at SGD/JPY exchange rate of 83.57-71.05. In addition, potential cost savings from debt refinancing could provide further earnings uplift, which we have not factored into our present forecast,” comment analysts Lock Mun Yee and Yeo Zhi Bin in a report on Tuesday.
SINGAPORE (Feb 15): CIMB Research is maintaining its “add” call on Croesus Retail Trust (CRT) with an unchanged target price of 98 cents, following a strong quarter where the REIT reported a 5.2% DPU increase to 1.81 cents for 2Q17.
(See also: Croesus Retail Trust’s 2Q DPU rises 5.2% to 1.81 cents)
