CLAR’s portfolio occupancy was stable at 94.5% in 3QFY2023, as its occupancy rate for Singapore improved 0.4 percentage points (ppts) q-o-q to 92.7%, offset by a marginal easing of occupancy rates for the REIT’s Australia and UK-Europe properties by 0.5 ppts and 0.2 ppts q-o-q respectively to 99.0% and 99.3%.
UOB Kay Hian has maintained its "overweight" rating on Singapore REITs (S-REITs) as CapitaLand Ascendas REIT (SGX:A17U
) (CLAR) and Parkway Life REIT (PLife REIT)'s 3QFY2023 ended Sept 30 business updates stood in line with expectations.
UOB analyst Jonathan Koh is keeping “buy” on CLAR with a target price of $3.13 following the group’s 3QFY2023 business updates.
