Why RHB is nothing but positive on Manulife US REIT's latest acquisitions
Michelle Zhu • • 2 min read
SINGAPORE (Apr 16): RHB is maintaining its “buy” on Manulife US REIT but raising its target to US$1 from 98 US cents to factor in 1-2% higher FY18-20 DPU forecasts on contributions from its latest acquisitions.
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SINGAPORE (Apr 16): RHB is maintaining its “buy” on Manulife US REIT but raising its target to US$1 from 98 US cents to factor in 1-2% higher FY18-20 DPU forecasts on contributions from its latest acquisitions.
The manager of Manulife US REIT last week announced the acquisition of two office properties from its sponsor, namely 1750 Pennsylvania Avenue (Penn) and Phipps Tower (Phipps), for a total of US$387 million ($507.8 million).
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