He states that the acquisition will help A-REIT “gain a foothold in one of the most in-demand industrial asset classes” and has increased forecasted distribution per unit (DPU) for FY2021 - FY2023 by 1% - 2% to factor in better-than-expected net property income (NPI), which underpins the higher target price.
Analysts from RHB Group Research and Phillip Securities Research are divided on their recommendations for Ascendas Real Estate Investment Trust (A-REIT) following its acquisition of data centres in Europe.
RHB analyst Vijay Natarajan has maintained his ‘neutral’ rating with a higher target price of $3.20 from $3.15 previously.
