0328 GMT - CapitaLand Integrated Commercial Trust's planned asset deals are likely to be overall distribution-per-unit accretive, says Morningstar's Xavier Lee in a note. The analyst reckons the real-estate investment trust's manager secured an attractive exit yield for its office asset, Asia Square Tower 2, noting that the sale price has likely captured any upside to Singapore's office rental outlook. The REIT's acquisition yield for the retail component of integrated development Paragon also seems in-line with recent retail-mall transactions in the city-state, he says.Morningstar retains its fair-value estimate of S$2.42. Units rise 0.4% to S$2.48. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 21, 2026 23:28 ET (03:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments