Mapletree Industrial REIT (MINT), AIMS AMP Capital REIT (AAREIT) and Viva Industrial Trust (VIT) have also been rated at “buy” with target prices of $2.05, $1.60 and 95 cents respectively.
SINGAPORE (June 22): Maybank Kim Eng Research remains “positive” on Singapore REITs (S-REITs), with confidence that a firmer exchange rate regime poses no immediate threat to the industrial REITs.
The research house has highlighted Ascendas REIT (A-REIT) as its top “buy” pick with a target price of $2.90, given its debt headroom of $1.1 billion and a strong sponsor pipeline.
