"IREIT is likely to then monetise part of the asset de-risking debt concerns and unlock capital for potential acquisitions. Overall leasing demand is showing signs of a pick-up although lead time remains high," says Natarajan.
Vijay Natarajan of RHB Bank Singapore has kept his "buy" call and target price of 35 cents on IREIT Global after its 3QFY2025 operational update, where no major surprises were thrown up.
From his perspective, the key catalyst for this REIT, which is trading at a yield of 7%, remains its ongoing transformation of the Berlin Campus, and the expected signing of a major office tenant, likely by 1QFY2026.
