Broker: DBS
Date of Report: (Date not specified in document)

Excerpt from DBS report.

Report Summary

• NTT DC REIT – Action: BUY. Target Price: USD1.20. Increased exposure by 6,000 shares at USD0.915, total now 26,000 shares at an average price of USD1.01. Key catalysts: c.10% stock decline since Iran war onset, first dividend payout expected soon, 3-year lease extension at +23% positive rental reversion, and a 5% annual rental escalation. Current yield is 7.9%.
• Strategy: Rotate towards de-escalation trades, favoring REITs and property (UOL, CityDev, CICT, Suntec REIT, CAREIT, NTT DC REIT). S-REITs are preferred for earnings clarity and growth visibility. Top picks: CICT, MLT, KREIT, Plife, LREIT, CLAS, CAREIT, NTT DC REIT, Suntec REIT.
• Implication: The US mulling Iran exit reduces risk of oil price spike, favoring sectors benefiting from easing inflation fears and renewed Fed cut expectations.

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