Outlook on Manulife US REIT remains positive after a ‘respectable’ quarter

SINGAPORE (Feb 13): Although Religare is still in the midst of reviewing its latest rating on Manulife US REIT, the research house says it remains upbeat on the REIT’s outlook given how its 4Q16 results exceeded forecasts as the US office market continues to strengthen.

(See also: Manulife US REIT declares FY16 DPU of 3.55 US cents, beating forecast by 4.8%)

In a Monday report, the Religare sales team commends how Manulife US REIT’s portfolio valuation continued to grow by 2.5% since Sept 30 last year, as well as registered an “impressive” 7.2% over the last acquisition cost.

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