UHREIT invests in income-producing real estate used primarily for grocery-anchored & necessity-based retail and self-storage purposes in the US.
Retail assets becoming hot properties. Institutional investors are accumulating grocery stores, pharmacies, convenience stores and other recession-resistant retail properties, which benefit from hybrid work arrangements, says UOB Kay Hian Research analyst Jonathan Koh.
Here, US strip centre owner United Hampshire US REIT (SGX:ODBU
) (UHREIT) offers “attractive and irresistible” 2024 distribution yield of 9.2%, 5.3% above the 10-year US government bond yield of 3.9%, notes Koh.
