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IREIT Global ( (SG:UD1U) ) has issued an update.
IREIT Global has announced an update regarding potential litigation involving its wholly-owned subsidiaries holding the Berlin Campus. A payment order has been served by DRV, the former main tenant, but the court has not yet examined the merits of the claim. IREIT Global’s management believes the claim is unlikely to succeed and is prepared to defend against it. Stakeholders are advised to exercise caution and stay informed about further developments.
The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.30 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.
More about IREIT Global
IREIT Global is a real estate investment trust based in Singapore, managed by IREIT Global Group Pte. Ltd. The company focuses on acquiring and managing income-producing real estate assets, particularly in the commercial sector.
Average Trading Volume: 735,152
Technical Sentiment Signal: Buy
Current Market Cap: S$390M
For a thorough assessment of UD1U stock, go to TipRanks’ Stock Analysis page.