The fund’s dividends have been rising since its IPO, from an annual dividend of 1.8 cents at the IPO to 5.07 cents currently. Coupled with an attractive book value, the ETF offers investors a convenient and efficient way to participate in the potential income and capital appreciation generated by the S-REIT market, the analysts point out.
PhillipCapital analysts Helena Wang and Paul Chew have initiated “accumulate” on Lion-Phillip S-REIT ETF (LP SREIT) with a target price of 91 cents highlighting the exchange-traded fund’s (ETF) resilient dividends despite rate hikes.
LP SREIT gives exposure to 22 REITs in Singapore, the only ETF whose holdings are entirely of Singapore REITs. Established in 2017, LP SREIT has a market cap of $347.89 million, the second largest of the five REITs ETFs in Singapore.
