Showing posts with label CREDIT SUISSE ON EMBASSY OFFICE. Show all posts
Showing posts with label CREDIT SUISSE ON EMBASSY OFFICE. Show all posts

CREDIT SUISSE ON EMBASSY OFFICE

CREDIT SUISSE ON EMBASSY OFFICE

CREDIT SUISSE ON EMBASSY OFFICE : 24.06.2021

* Maintain Outperform, Target at Rs 420/share
• AIT REIT has delivered strong outperformance over long term
• Even Embassy has kept pace, utilities have not
* Embassy is a play on accelerating tech growth spend
* Premium positioning in best office market
* FY23E yield of 6.1% and growing at 10-11%
* Benefit from lower borrowing cost on refinance