UOB Kay Hian has started coverage on United Hampshire US REIT at “buy” with a target price of 92 US cents.

This, say analysts Jonathan Koh and Loke Peihao, is due to the REIT’s portfolio of grocery-anchored and necessity-based properties that cater to essential basic needs.

“United Hampshire US REIT invests in income-producing real estate that is used primarily for grocery and necessity retail and self-storage purposes in the US,” note Koh and Loke.

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