Manulife US REIT - CGS-CIMB Research 2021-11-30: Expanding Growth

Manulife US REIT - Expanding Growth

  • Manulife US REIT announced the proposed acquisition of a portfolio of 3 properties in Pheonix and Portland, the US, for a total purchase price of US$201.6m.
  • Acquisition boosts exposure to growth sectors, deal is DPU accretive. The purchase is to be funded by a combination of debt and equity
  • Reiterate ADD call on Manulife US REIT (SGX:BTOU) with a DDM-based target price of US$0.918.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @

LOCK Mun Yee CGS-CIMB Research | EING Kar Mei CFA CGS-CIMB Research | 2021-11-30
SGX Stock Analyst Report ADD MAINTAIN ADD 0.918 SAME 0.918

Previous report by CGS-CIMB:
2021-11-03 Manulife US REIT - Silver Lining On The Horizon

Target prices by 3 other brokers at Manulife US REIT Target Prices.
Listing of broker reports at Manulife US REIT Analyst Report.

Relevant links:
Manulife US REIT Share Price History,
Manulife US REIT Announcements,
Manulife US REIT Dividends & Corp Actions,
Manulife US REIT News Articles


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