Despite few acquisitions by S-REITs this year owing to the Covid-19 pandemic, some players here are diversifying their income streams, a sign of gradual pickup in activity, say OCBC analysts in an Oct 15 note. OCBC Investment Research is maintaining its ‘overweight’ stance on the S-REITs sector....

US office trust Manulife US REIT continues to see resilience and faces minimal impact from work-from-home policies, say UOB Kay Hian analysts Loke Peihao and Jonathan Koh in a September 29 note. The analysts are maintaining their “buy” call on the company with a target price of 85 US cents ($1.1...

PhillipCapital analyst Natalie Ong has kept her “overweight” recommendation on Singapore REITs (S-REITs) due to the spate of acquisitions spurred by low interest rates and recovery in share prices. On September 3, Frasers Centrepoint Trust (FCT) announced its plans to acquire the remaining 63.1%...

Could the worst be behind the Singapore market? Despite the worst of regional lockdowns in 2Q2020, only 28% of combined STI and MKE (Maybank Kim Eng) coverage stocks missed Street expectations, with an equal number beating expectations, note Maybank analysts Thilan Wickramasinghe, Gene Lih Lai and K...

Analysts are overall positive on Singapore REITs (S-REITs) following the worldwide fiscal and monetary stimulus from central banks, lowered interest rates, as well as the extended Jobs Support Scheme (JSS) unveiled on August 17. The JSS will now provide 10% to 50% in wage subsidies for up to seven m...

While optimism builds in Singapore on declining numbers of Covid-19 infection, investors should stick with defensives. This is because the global Covid-19 situation remains “fluid”, with cases of resurgence in some countries, says RHB analyst Shekhar Jaiswal in an August 24 note.  “We not...

RHB Securities has recommended investors to “buy” Manulife US REIT and Keppel Pacific Oak US REIT due to their strong fundamentals. This comes after both REITs posted robust 1H FY20 results despite the number of novel coronavirus (Covid-19) cases continuing to rise sharply in the US. “Con...

PhillipCapital analyst Natalie Ong is optimistic on Manulife US REIT (MUST)’s portfolio due to its positive rental reversions of 7.9% for 1H20, minimal rent abatement and deferments, as well as zero requests from its tenants to right-size their assets so far. For 1H20 ended June, the REIT also pos...

During a results briefing by Manulife US REIT’s manager on Aug 3, Jill Smith, CEO of the manager was upbeat about prospects for a vaccine against Covid-19, and hence expects an economic rebound in 2H2020. MUST owns nine properties in the US, of which two are in Atlanta, Georgia and three in Califo...

Analysts are bullish on Manulife US REIT (MUST) following its results announcement on Aug 3, as the manager of the REIT declared a 1H20 distribution per unit (DPU) of 3.05 US cents, up 0.3% from 3.03 US cents in 1H19. Distributable income for the period rose 20.0% y-o-y to US$48.0 million. Gross rev...