Following ESR-REIT’s recent 1HFY2021 ended June results release, CGS-CIMB Research has raised its target price for the REIT to 52.1 cents, up from 49.4 cents previously.

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee have kept their “add” call for ESR-REIT after it reported a 1H2021 distribution per unit (DPU) of 1.55 cents, up 14.3% y-o-y, beating their expectations.

See also: ESR-REIT sees 13.9% higher DPU of 0.754 cents for 2Q21; 14.3% higher DPU of 1.554 cents for 1H21

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