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Manulife US REIT kept at ‘buy’ on strong fundamentals, promises delivered

PC Lee
PC Lee8/7/2018 10:34 AM GMT+08  • 2 min read
Manulife US REIT kept at ‘buy’ on strong fundamentals, promises delivered
SINGAPORE (Aug 7): DBS Group Research is maintaining its “buy” call on Manulife US REIT with a target price of US$0.97 on good management, strong fundamentals.
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SINGAPORE (Aug 7): DBS Group Research is maintaining its “buy” call on Manulife US REIT with a target price of US$0.97 on good management, strong fundamentals.

Manulife US REIT reports 2Q DPU of 1.30 US cents, down 17.2% from a year ago on preferential offering

Since its listing nearly two years ago, Manulife US REIT has delivered with distribution per unit (DPU) exceeding IPO forecasts, property values increasing by over 10%.

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