IREIT Global (IREIT)

REITs

IREIT Global's portfolio valuation down 5.4% y-o-y to EUR899 mil

The independent valuation from was a decrease of 2.6% from its portfolio valuation of €950.5 mil as at end-June last year.

Broker's Calls

RHB upgrades IREIT Global to ‘buy’ after divestment of Spanish office asset

Analyst Vijay Natarajan has also lifted his target price estimate to 47 cents from 42 cents previously.
IREIT Global's portfolio valuation grows to EUR999.5 mil after acquisitions in France - THE EDGE SINGAPORE

Results

IREIT Global's portfolio valuation grows to EUR999.5 mil after acquisitions in France

the acquisition of 17 retail properties in France, occupied by European discount retailer B&M Group, was completed on Sept 5.

Broker's Calls

RHB cuts IREIT Global’s TP to 42 cents on ‘muted outlook’

Looking ahead, analyst Vijay Natarajan is expecting IREIT’s DPU for the 2HFY2023 to remain weak.

Broker's Calls

DBS downgrades IREIT Global to ‘hold’ with lower TP of 45 cents

Despite the downgrade, DBS Group Research remains relatively upbeat over IREIT Global's "well-diversified" portfolio.

Results

IREIT Global 1HFY2023 DPU falls 23.8% y-o-y following July preferential offering

IREIT announced in June the proposed acquisition of 17 retail properties in France that are fully leased to retailer B&M Group.

REITs

IREIT Global raises $75.9 mil as preferential offering 134.7% subscribed

The preferential offering units are expected to be listed and quoted on the SGX-ST's Mainboard at 9am on July 19.
IREIT Global launches fully underwritten preferential offering to raise $75.9 mil - THE EDGE SINGAPORE

REITs

IREIT Global launches fully underwritten preferential offering to raise $75.9 mil

The proceeds will be used to mainly fund the acquisition of the 17 retail properties located across France.
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