The brokerage notes that the former has a long weighted average lease expiry (WALE) of 5.7 years and lower downsizing risks in the mature, remote-working-adjusted US office market.
As financial markets continue to rebound from the impact of Covid-19, several Singapore-listed REITs (S-REITs) could ride on the recovery, according to analysts.
Phillip Securities says its top picks are Manulife US REIT (MUST) and Ascendas REIT (A-REIT).
