KGI positive on IReit’s Decathlon acquisition in France, initiates with ‘outperform’


The Business Times

KGI Securities has initiated “outperform” on IReit Global with a target price of S$0.69, saying that the proposed Decathlon acquisition will likely provide the real estate investment trust (Reit) with further reduction of its tenant and geographical concentration risk, while potentially achieving both distribution per unit and yield accretion.

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