United Hampshire US REIT

Take a look at these stocks this week: Koufu, Venture Corp, Riverstone and United Hampshire US REIT.

The REIT reported a 2HFY2020 DPU of 3.03 US cents, 1.3% above its IPO forecast.

Units in United Hampshire REIT closed 0.5 cent higher or 0.8% up at 66 cents on Feb 26.

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

United Hampshire US REIT’s portfolio is valued at US$599.2 million

United Hampshire US REIT has declared a distribution per unit (DPU) of 1.78 US cents (2.44 Singapore cents) from March 12 to June 30, in line with its IPO forecast.

Retail tenants, which comprised some 91% of the total base rental income resumed business operations in June 2020, following the easing of lockdown measures across the US.

The counter opened at 72 US cents – 10% lower than its IPO price – before sinking further to as low as 62 US cents within the first half hour of trading.

The manager says that the REIT’s placement tranche attracted strong interest from investors including sovereign wealth funds, long-only institutional investors, insurance firms, multi-strategy funds and family offices.

United Hampshire US REIT, Asia’s first US grocery-anchored shopping centre and self-storage REIT, will be offering just 7.5 million units to the public, at 80 US cents ($1.21) per unit. The offer has had strong support from cornerston