SINGAPORE (May 11): Analysts are keeping a positive stance on Manulife US REIT (MUST) for its resilient portfolio.

On May 8, MUST announced its 1Q20 operational updates, which saw occupancy increase to 96.5% from 95.8% q-o-q, with a WALE of 5.7 years. The REIT also updated that the lockdown in US is set to ease. During the lockdown, all nine of its offices remained open with 5-10% occupancy.

RHB Group Research has kept its “buy” recommendation on MUST with a new target price of 90 cents from 88 cents previously. The REIT is also one of RHB’s top pick.

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