Manulife US REIT kept at 'buy' on expectations of rising rents & stable capital values
Michelle Zhu • • 2 min read
SINGAPORE (Nov 29): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT with a lower target price of 99 US cents ($1.33) compared to US$1.07 cum rights.
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SINGAPORE (Nov 29): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT with a lower target price of 99 US cents ($1.33) compared to US$1.07 cum rights.
This comes after incorporating the REIT’s recent US$313.2 million acquisition of the Exchange – a 30-storey Class A office building that is also the REIT’s second acquisition of the year – and its recent rights issue to raise funds for the acquisition.
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