Affin Research maintains Buy on IGB Reit

KUALA LUMPUR: Affin Research has maintained its Buy call on IGB Reit with an unchanged price target of RM1.34, it said on Friday.

“Year-to-date, IGB Reit has underperformed the other pure retail M-REITs such as CMMT and Pavilion REIT possibly on concerns that a moderation in consumer spending will hit its portfolio’s net property income negatively.