SINGAPORE (Oct 13): CIMB is keeping its “hold” call and target price of $1.07 on SPH REIT following fourth quarter results that came in within expectations.

On Oct 12, SPH REIT announced a distribution per unit of 1.39 cents for 4QFY15, which brings full year distribution to 5.47 cents.

Net property income (NPI) was up 0.4% y-o-y to $38.2 million for the fourth quarter. For the full year, NPI up 3.3% y-o-y to $155.6 million. Revenue, in the same period, was up 1.4% to $205.1 million.

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