SINGAPORE (Sept 30): Croesus Retail Trust is expected to pay out a higher yield to its unit-holders next year and its latest acquisition of a property in Japan is yield accretive, KGI Fraser says in a note.

The Japan-focused business trust announced that it is buying a suburban retail small in Japan which will be partly financed via a $69.7 million rights issue.

“Meanwhile, we keep Croesus Retail Trust at a Buy due to its high yield and stable profile while it benefits from a strengthening yen during a risk-off market,” says KGI.

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