Monday, June 6, 2011

Ascott Reit

Ascott Reit: Daiwa maintains O/p with TP $1.44. Add that ART's properties in Europe to be backed by solid demand, acquisition, and refurbishment opportunities. ART remains a standout on its DPU yield, resilient DPU growth and 7% discount to NAV. Note that Reits ability to make DPU-accretive acquisitions could be underappreciated.

No comments:

Post a Comment