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Cromwell REIT kept at 'buy' by DBS on sponsor’s experience, ARA support

PC Lee
PC Lee8/14/2018 12:25 PM GMT+08  • 2 min read
Cromwell REIT kept at 'buy' by DBS on sponsor’s experience, ARA support
SINGAPORE (Aug 14): DBS Group Research is maintaining its “buy” call on Cromwell European Real Estate Investment Trust (Cromwell REIT) with a target price of EUR 66 cents.
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SINGAPORE (Aug 14): DBS Group Research is maintaining its “buy” call on Cromwell European Real Estate Investment Trust (Cromwell REIT) with a target price of EUR 66 cents.

DBS continues to be bullish on the REIT’s prospects, given expectations of rising rents on the back of an improving European economy as well as benefits from having inbuilt rental escalations in the majority of its leases.

In a Tuesday report, lead analyst Mervin Song says, “We believe Cromwell REIT delivering or exceeding its IPO forecasts will provide assurance over management’s ability to manage its portfolio, as well as supporting the theme of rising rents on the back of an improving European economy which would act a rerating catalyst for the stock.”

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