SINGAPORE (Oct 13): OCBC is keeping its ‘hold’ rating and 99 cents fair value estimate on SPH REIT after the real estate investment trust reports fiscal fourth quarter earnings that are within the bank's expectations.

OCBC notes that SPH REIT's distribution per unit was flat at 1.39 Singapore cents on the back of a mild 0.6% decline in gross revenue to $50.8 million.

OCBC says it's keeping its estimates unchanged as it sees "limited potential total returns ahead" for investors.

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