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America’s strengthening office market makes Manulife US REIT a great ‘buy’

Broker's Calls

America’s strengthening office market makes Manulife US REIT a great ‘buy’

Michelle Zhu Published on Wed, Nov 09, 2016 / 11:20 AM GMT+8

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SINGAPORE (Nov 9): DBS Vickers Securities has maintained its “buy” call on Manulife US REIT with an unchanged target price of 93 US cents ($1.29).

This comes after the pure-play US REIT posted a maiden distribution per unit (DPU) of 2.01 US cents, hence exceeding its initial public offering (IPO) profit forecast by 5.8%.

(See also: Manulife US REIT reports maiden DPU of 2.01 US cents, exceeds IPO profit forecast by 5.8%)

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