An increase in earnings was driven by increased rental income from annual fixed rate increases of circa 3%, as well as income from recent acquisitions, which offset higher management and administration fees/funding costs, notes the broker.
The trust will pay a first half distribution of
The analyst notes the security price is at the behest of the direction of bond rates.
The Add rating is maintained. The target price is increased to
Sector: Real Estate.
Target price is
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