Sign in to continue:

Saturday, February 14th, 2026
Market UpdatesREITS SGSingapore SGX stocks

CAREIT Secures Approval for Westlite Ubi Expansion: 540 New Beds and 1.5% FY28 DPU Accretion Expected 1

Posted on February 12, 2026 at 10:56 am (GMT+8)

59
Views
Share on Facebook
Share on Twitter

Broker Name: DBS
Excerpt from DBS report

Report Summary

  • CAREIT has received approval to develop an additional 6-storey block at Westlite Ubi, increasing bed capacity by 540 (from 1650 to 2190).
  • Development work starts in 2Q26, taking 1.5 years, with costs estimated at SGD27-32m and funded internally, raising gearing by a manageable +1.8ppt.
  • Expected full-year accretion to FY28 DPU is +1.5% on completion, highlighting management’s strong execution and making CAREIT a top sector pick with a target price of SGD1.30.
above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg

Related Posts

Market UpdatesSingapore SGX stocks

Digital Core REIT Delivers Strong 2024 Results: 1.80 US Cents DPU and Record Portfolio Occupancy
minichart
February 13, 2025

Comprehensive Analysis of Singapore-Listed Companies: Digital Core REIT, iFast Corporation, and More Comprehensive Analysis of Singapore-Listed Companies Broker Name: Lim & Tan Securities Date of Report: February 13, 2025 Digital Core REIT: Riding the...

Market UpdatesSingapore SGX stocks

UOB Q1 2025 Earnings: Stable Profits, Record Fee Income & Market Outlook – Singapore Market Update May 2025
minichart
May 7, 2025

Lim & Tan Securities 07 May 2025 Singapore Market Outlook: UOB Downgraded, AIMS APAC REIT Shines, and Sector Movers Amid Global Volatility Market Overview: Mixed Performance Across Global Indices The Singapore market, represented by...

Market UpdatesSingapore SGX stocks

Sanli Environmental (SANLI SP) 2025-2026 Outlook: Profit Surge Expected with Record Orderbook and Margin Recovery
minichart
November 17, 2025

Broker Name: Maybank Research Pte Ltd Date of Report: November 16, 2025 Excerpt from Maybank Research Pte Ltd report. Report Summary Sanli Environmental’s 1H26 core profit was slightly below expectations, but gross margins for...