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IREIT Global (IREIT)
Broker's Calls
RHB maintains ‘buy’ call on IREIT Global with lowered TP of 40 cents following exit of key tenant
The analyst sees the REIT’s current redevelopment of the Berlin Campus as a medium-term positive move.
July 12, 2024
REITs
IREIT’s Berlin Campus to cost upwards of EUR15 mil in capex
The campus is currently 100% leased with a main tenant, Deutsche Telekom, whose lease will expire in December 2024.
May 03, 2024
Results
IREIT Global portfolio occupancy up to 91.5% in 1QFY2024, gearing falls slightly to 37%
IREIT Global has posted higher portfolio occupancy of 91.5% as at end-March, up from 90.4% as at end-2023.
April 29, 2024
Broker's Calls
Analysts lower estimates slightly on IREIT Global after FY2023 narrowly missed expectations
Diversifying portfolio remains key strategy; Germany still ‘interesting’, says the REIT.
February 27, 2024
Results
IREIT reports lower DPU of 1.87 euro cents for the FY2023, a 30.5% y-o-y decline
This is due to a lower distributable income and the enlarged unit base in 2H2023.
February 22, 2024
REITs
IREIT Global's portfolio valuation down 5.4% y-o-y to EUR899 mil
The independent valuation from was a decrease of 2.6% from its portfolio valuation of €950.5 mil as at end-June last year.
January 22, 2024
Broker's Calls
Brokers' Digest: ThaiBev, ComfortDelGro, IREIT Global, Daiwa House Logistics Trust, Uni-Asia Group
See what the analysts have to say this week.
January 04, 2024
Broker's Calls
RHB upgrades IREIT Global to ‘buy’ after divestment of Spanish office asset
Analyst Vijay Natarajan has also lifted his target price estimate to 47 cents from 42 cents previously.
January 02, 2024
Results
IREIT Global's portfolio valuation grows to EUR999.5 mil after acquisitions in France
the acquisition of 17 retail properties in France, occupied by European discount retailer B&M Group, was completed on Sept 5.
November 08, 2023
Broker's Calls
RHB cuts IREIT Global’s TP to 42 cents on ‘muted outlook’
Looking ahead, analyst Vijay Natarajan is expecting IREIT’s DPU for the 2HFY2023 to remain weak.
September 13, 2023