The team also views CMT as a strong REIT due to its solid sponsor support, and its prudence in its capital management.
The research team at OCBC Investment Trust has maintained its “buy” rating and increased its fair value estimate on CapitaLand Mall Trust (CMT) to $2.39 from $2.29 previously.
The raised fair value comes a day after unitholders in CMT and CapitaLand Commercial Trust (CCT) voted in favour of the proposed merger on September 29.
