SPH's The Seletar Mall, which is expected to be acquired by SPH REIT soon. (Photo: SPH)

DBS Investment Research has downgraded its recommendation on SPH REIT from ‘Buy’ to ‘Hold’.

SPH REIT is largely expected to make its maiden acquisition, and buy The Seletar Mall from its sponsor soon.

The potential acquisition is expected to bolster earnings for the retail REIT, which currently has a portfolio of only two properties - The Clementi Mall, and Paragon.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.