0339 GMT - OUE REIT is likely to benefit from lower costs, Maybank Research's Krishna Guha says, noting the REIT's 3Q business update showed a 19.7% drop in finance expenses. The REIT's cost of debt fell 10 bps to 4.1% and was guided for "mid 3%" for 2026, the analyst says in a research report. Maybank upgrades the unit's rating to buy from hold due to the continued decline in the REIT's interest costs, potential fall in its gearing from the sale of Lippo Plaza, and recent improvement in tourist arrivals in Singapore. It also raises the unit's target price to S$0.38 from S$0.30. Units are unchanged at S$0.345. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 28, 2025 23:39 ET (03:39 GMT)
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