Saturday , December 5 2020

DBS lowers the target price of Cache Logistics Trust on coating pressure



DBS Equity Research has lowered its target price on Singapore-listed industrial REIT, Cache Logistics Trust, referring to the coating pressure in the horizon.

REIT has reported a Dividend per Unit (DPU) of 1,475 Singapore cents for 3Q 2018, a 4.3% drop from the 1,541 cents achieved in the corresponding period 2017.

However, under the challenging market conditions, REIT has also managed to maintain a committed investment of 96.9%, with a weighted average leasing outlook (WALE) of 3.3 years.

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