Broker: OCBC Group Research
Date of Report: 13 April 2026

Excerpt from OCBC Group Research report

Report Summary

• Actionable BUY Calls:
  • CapitaLand Integrated Commercial Trust (CICT SP): BUY, Target Price: SGD 2.67. Preferred due to stronger DPU growth outlook, diversified operations, and lower exposure to Northern Singapore.
  • Frasers Centrepoint Trust (FCT SP): BUY, Target Price: SGD 2.49.
  • Keppel DC REIT (KDCREIT SP): BUY, Target Price: SGD 2.78.
  • CapitaLand Ascott Trust (CLAS SP): BUY, Target Price: SGD 1.01.
  • Mapletree Industrial Trust (MINT SP): BUY, Target Price: SGD 2.34.
  • Parkway Life REIT (PREIT SP): BUY, Target Price: SGD 4.83.
  • OUE REIT (OUEREIT SP): BUY, Target Price: SGD 0.400.
  • Keppel REIT (KREIT SP): BUY, Target Price: SGD 1.06.
  • Stoneweg Europe Stapled Trust (SERT SP): BUY, Target Price: EUR 1.88.
  • CapitaLand India Trust (CLINT SP): BUY, Target Price: SGD 1.37.
• Key Investment Idea: Singapore’s retail sector remains robust despite concerns over cross-border retail leakage and external risks. Retail S-REITs show resilience with high occupancies and positive rental reversions. CapitaLand Integrated Commercial Trust (CICT) is highlighted as the preferred BUY for its strong DPU growth and diversified portfolio.
• Other Notable Highlights:
  • CICT: Entered agreement to transfer EV charging stations to SP Mobility, an interested party transaction but no unitholder approval required.
  • Prime US REIT: Signed 11-year lease with S&P Global, boosting occupancy at Village Center Station I from 63% to 80%.
  • AIMS APAC REIT: Tax ruling from IRAS classifies SGD150m 4.1% perpetual securities as debt securities, providing potential tax concessions for holders.

above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website : https://www.ocbc.com