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Soilbuild REIT kept at 'hold' with 62 cents target by DBS on tenant default risks

PC Lee
PC Lee1/19/2018 11:20 AM GMT+08  • 2 min read
Soilbuild REIT kept at 'hold' with 62 cents target by DBS on tenant default risks
SINGAPORE (Jan 19): DBS is maintaining its “hold” call on Soilbuild Business Space REIT (SBREIT) with target price of 62 cents, implying 6% total return.
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SINGAPORE (Jan 19): DBS is maintaining its “hold” call on Soilbuild Business Space REIT (SBREIT) with target price of 62 cents, implying 6% total return.

DBS believes that ongoing uncertainties lingering over the possible vacancy risk arising from tenant defaults over various assets and the lack of imminent catalysts will cap share price performance.

To recap, SBREIT’s 4Q17 results remained weak with DPUs and NAV under pressure.

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