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Exposure to improving US office market makes this a winning REIT

Ko Ding Wei
Ko Ding Wei5/3/2017 12:52 PM GMT+08  • 2 min read
Exposure to improving US office market makes this a winning REIT
SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.01, up from US$0.95 previously.
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SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.01, up from US$0.95 previously.

In a Tuesday report, analyst Mervin Song cites exposure to an improving US office market as the main upside catalyst for the REIT.

According to Song, MUST continues to provide an attractive prospective 7.6% yield, in-built rental escalations and exposure to favourable demand and supply fundamentals in the various US office market where its properties are located.

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