United Hampshire US REIT (UHREIT)

Retail assets are hot property, and United Hampshire US REIT offers 'irresistible' 9.2% yield: UOBKH - THE EDGE SINGAPORE

Broker's Calls

Retail assets are hot property, and United Hampshire US REIT offers 'irresistible' 9.2% yield: UOBKH

Share prices for industry peers listed in the US rallied between 12% and 22% over 4Q2023.

Results

United Hampshire US REIT reports 3QFY2023 distributable income of US$7.1 mil

The manager has elected to receive 100% of its base fee of US$0.8 million for the quarter in cash.

Insider moves

Manager of United Hampshire REIT disposes of 405,200 units in REIT at 43 US cents apiece

This is the second time in almost a week that the REIT manager had disposed of its shares via the market.
United Hampshire US REIT reports 7.6% increase in 1QFY2023 distributable income to US$8.8 mil - THE EDGE SINGAPORE

Results

United Hampshire US REIT reports 7.6% increase in 1QFY2023 distributable income to US$8.8 mil

Gross revenue an NPI for the period rose 11.8% and 13.5% y-o-y, to US$18.1 million and US$12.9 million respectively.

New appointments

Robert Schmitt to step down as CEO of United Hampshire US REIT's manager on May 1

Gerard Yuen, who is currently the chief financial officer of the manager, will be appointed CEO with effect from May 1.

Broker's Calls

UOB Kay Hian maintains 'buy' on United Hampshire US REIT, raises TP to 71 US cents

Analyst Jonathan Koh says UHREIT's strip centres have benefitted from a rebound in retail real estate.

Broker's Calls

United Hampshire US REIT benefitting from retail recovery, UOB Kay Hian maintains 'buy'

Shopper traffic at UHREIT’s open-air strip centres have trended higher during summer.

Results

United Hampshire US REIT posts 8.1% increase in 3QFY2022 distributable income to US$8.3 million

UHREIT posts 8.1% y-o-y increase in 3QFY2022 distributable income to US$8.3 mil.

Insider moves

United Hampshire US REIT director Wee bought shares

United Hampshire US REIT closed Aug 19 at 60 US cents
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