Manulife US REIT (MUST)

The analysts have maintained “buy” on Manulife US REIT, Prime US REIT and Keppel Pacific Oak US REIT,

Manulife US REIT announced a 5.4% y-o-y decline in DPU to 5.64 US cents as manager looks to business parks for growth in 2021

As financial markets continue to rebound from the impact of Covid-19, several S-REITs could ride on the recovery.

Looking ahead, MUST says it has begun negotiations for 2021 loans and expects a 100% distribution pay-out for FY2020.

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

When Black Lives Matter protests broke out in Washington DC earlier this year, one of Manulife US REIT’s (MUST) properties located a few blocks away from The White House, was badly hit.

UOB Kay Hian is re-initiating coverage on the Manulife US REIT with a “buy” recommendation and target price of US$0.85 ($1.18).

“2019 was the best year ever for Manulife US REIT,” says Jill Smith, chief executive officer of the manager.

SINGAPORE (Dec 13): RHB Research is keeping Manulife US REIT (MUST) at "buy" with new target price of US$1.10 on strong demand for US office property, low interest rates, strong earnings track record and better investor education.

SINGAPORE (Dec 5): Manulife US REIT will be included in the FTSE EPRA Nareit Global Developed Index with effect from Dec 23, 2019, the manager announced Thursday.