- United Hampshire US REIT’s strip centres cater to necessity spending and have a long WALE of 7.2 years. Occupancy has improved by 0.9ppt q-o-q to a high of 97.9% in 2Q23.
- Retail real estate in the US demonstrated resiliency with 11 consecutive quarters of positive net absorption. According to CBRE, strip centres are leading the recovery with rent growth of 2.7% y-o-y in 2Q23.
- - Read this at SGinvestors.io -
United Hampshire REIT's 1H23 Results
- United Hampshire US REIT (SGX:ODBU) reported DPU of US$0.0265 for 1H23 (-8.9% y-o-y), which is above our expectation. See United Hampshire US REIT's dividend dates. It retained distributable income of US$1.5m as capital reserve for asset enhancement.
Growing organically and via acquisitions.
- - Read this at SGinvestors.io -
Portfolio occupancy reached a high of 97.9%.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-08-16
Read also UOB's most recent report:
2024-05-13 United Hampshire US REIT - Longer WALE After Lease Renewals & Extensions In 1Q24 .
Previous report by UOB:
2024-03-08 United Hampshire US REIT - Hallmark Of Defensive Strength.
Price targets by other brokers at United Hampshire US REIT Target Prices.
Listing of research reports at United Hampshire US REIT Analyst Reports.
Relevant links:
United Hampshire US REIT Share Price History,
United Hampshire US REIT Announcements,
United Hampshire US REIT Dividends & Corporate Actions,
United Hampshire US REIT News Articles
