Analysts have downgraded Manulife US REIT (MUST) after the REIT’s portfolio valuation fell by 14.6% to US$1.63 billion ($2.16 billion) as at June 30, down from the valuation of US$1.91 billion as at Dec 31, 2022.
Manulife US REIT (SGX:BTOU
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Price targets:
UOB Kay Hian ‘sell’ 16.5 US cents
DBS Group Research ‘fully valued’ 10 US cents
RHB Bank Singapore ‘buy’ 25 US cents
CGS-CIMB Research ‘add’ 41 US cents
Worse-than-expected valuation cuts
