E-LOG remains in healthy financial shape, benefitting from its divestment and asset repositioning strategy which has helped it weather the current high interest rate environment, says Natarajan.
RHB Bank Singapore has lowered its target price for ESR-LOGOS REIT (SGX:J91U
) (E-LOG) following the divestment of its logistics facility in Australia’s state of Victoria back in April, from 38 cents to 35 cents.
However, the analyst Vijay Natarajan has kept his “buy” call on the REIT, on the basis of it being on “the right trajectory”.
