In the research house’s view, concerns over its depressed unit price have now been priced in considering how the REIT, at 68 US cents per unit, trades at about 9% forward yield or 15% to book value.
SINGAPORE (Jan 28): DBS Vickers Securities is maintaining its “buy” call on Keppel-KBS US REIT (KORE), with a higher target price of 80 US cents from 78 US cents previously to adjust for lower-than-expected debt balance at end-FY18.
