- United Hampshire US REIT provides resilient and attractive 2024 distribution yield of 10.4% and trades at P/NAV of 0.55x. Maintain BUY. Target price: US$0.66.
- United Hampshire US REIT’s strip centres have outperformed due to in-migration to suburban locations triggered by entrenched hybrid work arrangements.
- - Read this at SGinvestors.io -
United Hampshire US REIT (UHU) reported 1Q24 financials
- United Hampshire US REIT (SGX:ODBU) reported distributable income of US$6.4m for 1Q24 (-27% y-o-y), which is in line with our expectation. The decline would be smaller at -19% y-o-y if the manager elected to receive management fees of S$0.7m fully in units.
Growing organically and through asset enhancement.
- - Read this at SGinvestors.io -
- Academy Sports & Outdoors at St Lucie West has won the CoStar’s 2024 Impact Awards, which recognises exemplary commercial real estate projects completed in 2023 with significant influence on neighbourhoods or sub-markets.
Portfolio WALE increased by 0.8 years after lease renewals.
- 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/ 2024-05-13
Read also UOB's most recent report:
2024-08-16 United Hampshire US REIT - New Leases Provide Higher Occupancy & Rental Uplift In 1H24.
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
