To recap, SBREIT’s 4Q17 results remained weak with DPUs and NAV under pressure.
SINGAPORE (Jan 19): DBS is maintaining its “hold” call on Soilbuild Business Space REIT (SBREIT) with target price of 62 cents, implying 6% total return.
DBS believes that ongoing uncertainties lingering over the possible vacancy risk arising from tenant defaults over various assets and the lack of imminent catalysts will cap share price performance.
