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United Hampshire US REIT acquires new asset for US$85.7 million, pro formu DPU to reach 6.23 US cents

The Edge Singapore
The Edge Singapore6/9/2022 09:28 PM GMT+08  • 2 min read
United Hampshire US REIT acquires new asset for US$85.7 million, pro formu DPU to reach 6.23 US cents
Photo of Upland Square Shopping Centre / Photo: United Hampshire US REIT
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United Hampshire US REIT is acquiring a new asset for US$85.7 million, 0.3% off an independent valuation.

The asset, the Upland Square Shopping Centre, will help increase its pro forma distribution per unit by 2.13% from 6.23 US cents from 6.1 US cents, and to also grow its portfolio value by 6% to US$730.1 million.

“Given its larger distributable income base, Upland Square is set to substantially enhance UHREIT’s income visibility and resilience,” says Robert Schmitt, CEO of the REIT’s manager.

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