Singapore

Manulife US Real Estate Investment Trust: Highly anticipated entry into high-growth cities

  • Maintain ACCUMULATE and DDM-based TP (COE 9.1%) of US$0.84

  • Prefer Prime US REIT (PRIME SP, Accumulate, TP US$0.94) in the sector for greater tenant exposure to STEM/TAMI sectors

  • Phoenix and Portland will increase exposure to tech and healthcare tenants from 9.5% to 12.8%

https://cdn.tellimer.com/providers/badge-phillip-securities-pte-ltd-aqzFDZyisff0ce9pAJuQ5Uw9HmvRPnI0Quriy3Qt.png
Natalie Ong Pei Fong @ PhillipCapital
December 6th, 2021
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