Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

MANULIFE US real estate investment trust (Reit) has chosen Citigroup Global Markets Singapore as its financial adviser for the group’s strategic review announced in its in third quarter business update, it said on Friday (Nov 25).

Manulife US REIT has appointed Citigroup Global Market Singapore as its financial advisor to conduct a “strategic review”, in a bid to see how it can enhance unitholder value.Manulife US REIT units have dropped around 44% year to date to trade at 38 US cents as at 2.08 pm.The REIT first announce...

MANULIFE US real estate investment trust (Reit) has chosen Citigroup Global Markets Singapore as its financial advisor for the group’s strategic review announced in its in third quarter business update, it said on Friday (Nov 25).

Following almost three years of declining distribution per unit (DPU), steadily rising gearing and a halving of its unit price since a year ago, Manulife US REIT (Must) is trying something new.In August, Must announced plans to “hotelise” certain properties in its pure-play US office portfolio �...

Analysts have slashed their target prices on Manulife US REIT (MUST) following the release of the REIT’s 3QFY2022 ended September results on Nov 2.Among them, RHB Group Research analyst Vijay Natarajan issued the steepest cut, bringing his target price from 78 US cents ($1.10) to 64 US cents while...

CITING higher financing costs, analysts have lowered their target prices for Manulife US Reit while maintaining their “buy” calls.

THE manager of Manulife US Real Estate Investment Trust (Manulife US Reit) has formed a strategic working group to assess “opportunities” – including the recycling of assets and the diversification into other asset classes and geographical markets – amid persistent headwinds in the U...

MANULIFE US Reit posted a portfolio occupancy rate of 88.1 per cent for the third quarter ended Sep 30, a dip from 90 per cent in the second quarter.

Manulife US REIT’s (MUST) portfolio occupancy slipped further to 88.1% as of Oct 18, extending a decline from 90.0% as at end-June and 91.7% as at end-March.This was largely due to law firm Quinn Emanuel’s downsizing of some 71,000 sq ft at Figueroa in Downtown Los Angeles effective Aug 31, says...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 2):

It has been indicated often by this publication that interest rates impact REITs in three main ways. First and foremost, the most important in the short-term is the yield spread where REIT unit prices are affected as a result of the yield spread; secondly, DPU is impacted as interest expense ris...

UOB Kay Hian (UOBKH) is keeping its “overweight” rating on the Singapore REITs (S-REITs) space with a preference on the US REITs listed on Singapore Exchange (SGX).This came on the back of the US office market eking out a mild 1.4% y-o-y increase in asking rent in 2Q2022 despite a slowdown in le...

For real estate veteran Tripp Gantt, humility is an indispensable quality in leadership — it is essentially empathy turned inwards, where the leader is fully aware of his humanity and imperfections. “Don’t be afraid to let your team see the real you,” says the CEO of the manager of Singapore...

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...