IREIT Global (IREIT)

As at June 30, IREIT Global’s aggregate leverage stood at 30.8%. Its net asset value (NAV) per unit stood at 83 cents.

The lease will now expire on April 16, 2024.

RHB has upped its TP for IREIT Global to 74 cents.

KGI sees iREIT Global geared towards a broad-based European recovery.

DBS has started the REIT with a target price of 76 cents.

All of the properties will be leased back to Decathlon through a 10-year sale and leaseback agreement.

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

Looking at the data based on 1H20’s numbers, Tan says the DPU for the enlarged portfolio is estimated to decline by 18.9% to 2.31 cents from 2.85 cents.

SINGAPORE (July 2): Analysts are taking a second look at the Europe-focused IREIT Global (IREIT), for its resilience during the Covid-19 pandemic that has caused deep wounds in several real estate operators.

To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly known as Frasers Logistics and Industrial Trust. The renaming followed its merg