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Manulife US REIT kept at 'buy' on expectations of rising rents & stable capital values

Michelle Zhu
Michelle Zhu11/29/2017 03:11 PM GMT+08  • 2 min read
Manulife US REIT kept at 'buy' on expectations of rising rents & stable capital values
SINGAPORE (Nov 29): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT with a lower target price of 99 US cents ($1.33) compared to US$1.07 cum rights.
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SINGAPORE (Nov 29): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT with a lower target price of 99 US cents ($1.33) compared to US$1.07 cum rights.

This comes after incorporating the REIT’s recent US$313.2 million acquisition of the Exchange – a 30-storey Class A office building that is also the REIT’s second acquisition of the year – and its recent rights issue to raise funds for the acquisition.


See: Manulife US REIT gets go-ahead for acquisition of 10 Exchange Place and rights issue

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