[%Mtoi%]
Research by MIDF
Buy – TP RM2.10

“Positive Outlook"

Maintain BUY with a revised TP of RM2.10. We revise our TP for IGB REIT to RM2.10 from RM2.04 as we assume higher terminal growth rate for our Dividend Discount Model in view of the stable earnings outlook for IGB REIT. We continue to favour IGB REIT for its resilient earnings outlook which is supported by the good quality of its retail assets. Hence, we maintain our BUY call on IGB REIT. Meanwhile, distribution yield is estimated at 4.9%.

Analyst:
Jessica Low Jze Tieng
[%Wjvb%]

$KLSE-IGBREIT
Research by MIDF
Buy – TP RM2.10

“Positive Outlook"

Maintain BUY with a revised TP of RM2.10. We revise our TP for IGB REIT to RM2.10 from RM2.04 as we assume higher terminal growth rate for our Dividend Discount Model in view of the stable earnings outlook for IGB REIT. We continue to favour IGB REIT for its resilient earnings outlook which is supported by the good quality of its retail assets. Hence, we maintain our BUY call on IGB REIT. Meanwhile, distribution yield is estimated at 4.9%.

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my

$IGBREIT / 5227 (IGB REAL ESTATE INVESTMENT TRUST)