SPH REIT downgraded after 1Q 2018 results

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OCBC Investment Research has downgraded its recommendation on SPH REIT after the latter reported its 1Q 2018 results.

SPH REIT reported on 5 January that it has achieved a DPU of of 1.34 Singapore cents for its 1Q 2018, unchanged from what was reported in the corresponding period of 2017.

The REIT’s overall portfolio also saw a rental reversion of -10.6%.

Read: SPH REIT reports no growth in DPU for 1Q 2018

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