Home Capital Broker's Calls

Manulife US REIT is a MUST 'buy', analysts say

Stanislaus Jude Chan
Stanislaus Jude Chan11/7/2018 12:46 PM GMT+08  • 2 min read
Manulife US REIT is a MUST 'buy', analysts say
SINGAPORE (Nov 7): Analysts from UOB Kay Hian and RHB Research are keeping their “buy” recommendations on Manulife US REIT (MUST), with the latter calling MUST one of its top picks in the REITs sector.
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 7): Analysts from UOB Kay Hian and RHB Research are keeping their “buy” recommendations on Manulife US REIT (MUST), with the latter calling MUST one of its top picks in the REITs sector.

This comes after MUST, the first pure-play US office REIT listed in Asia, declared a 3Q DPU of 1.51 US cents, 33.6% higher than a year ago.

Gross revenue jumped 75.3% to US$40.4 million ($55.5 million) on revenue contribution from the four Trophy and Class A quality office properties acquired in 2017 and 2018, while net property income rose 74.9% to US$25.1 million.

×
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.