In his report dated March 22, the analyst has not factored in the effects of the merger into his forecasts, but he expects that the merger should contribute positively to the REIT’s distribution per unit (DPU).
RHB Group Research analyst Vijay Natarajan has maintained his “buy” rating on ESR-REIT after the REIT’s unitholders voted in favour of the merger with ARA LOGOS Logistics Trust (ALOG) on March 21.
The analyst has also kept his target price of 53 cents.
