Broker: DBS
Date of Report: Not specified
Excerpt from DBS report.
Report Summary
- Action: Reiterate BUY on NTT DC REIT.
- Target Price: USD 1.20
- Key Idea: DBS recommends increasing exposure to NTT DC REIT, taking advantage of its recent price decline (~10% below IPO) and anticipating near-term support at USD 0.90.
- Highlights:
- NTT DC REIT is set to announce its first dividend payout and currently offers a 7.9% yield.
- The REIT has secured a 3-year lease extension with its Sponsor, featuring +23% positive rental reversions and fixed 5% annual rental escalation, enhancing earnings growth and visibility.
- DBS sees this as another milestone, demonstrating strong management execution and commitment to growth strategies.
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
