SINGAPORE (Nov 9): DBS Vickers Securities has maintained its “buy” call on Manulife US REIT with an unchanged target price of 93 US cents ($1.29).
This comes after the pure-play US REIT posted a maiden distribution per unit (DPU) of 2.01 US cents, hence exceeding its initial public offering (IPO) profit forecast by 5.8%.
(See also: Manulife US REIT reports maiden DPU of 2.01 US cents, exceeds IPO profit forecast by 5.8%)
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