Home Capital Broker's Calls

Manulife US REIT kept at 'buy' as office market dynamics stay positive

PC Lee
PC Lee11/6/2017 12:37 PM GMT+08  • 2 min read
Manulife US REIT kept at 'buy' as office market dynamics stay positive
SINGAPORE (Nov 6): RHB is maintaining Manulife US REIT at “buy” with 98 US cents target price as overall office market dynamics remain positive in the near-term.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 6): RHB is maintaining Manulife US REIT at “buy” with 98 US cents target price as overall office market dynamics remain positive in the near-term.

DPU growth ahead would be driven by contributions from recent acquisitions and positive rent growth, says RHB. Rent reversions are also expected to stay firm as portfolio rents are still below current market rents.

“Maintain ‘buy’. Manulife US REIT remains one of our Preferred Picks among mid-cap REITs. We have adjusted our DPU figures to fully reflect the effects of a rights issue,” says analyst Vijay Natarajan.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.