Equity Analysis /

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%

Natalie Ong Pei Fong
Natalie Ong Pei Fong

Equity Research Analyst- Property & REITs

6 December 2021
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