Manulife US REIT

SINGAPORE (Sept 15): Manulife US REIT, which was listed only in May last year after an IPO of its units at 83 US cents, recently proposed to acquire of a building called 10 Exchange Place in Jersey City, New Jersey for US$312 million ($422 million), and a

SINGAPORE (Sept 5): RHB says Manulife US REIT’s acquisition of 10 Exchange Place in New Jersey will further diversify its portfolio both geographically and in terms of tenant mix.

SINGAPORE (Sept 2): Manulife US REIT, the US office REIT, is planning the acquisition of 10 Exchange Place, a 30-storey Class A office building in Jersey City, New Jersey, US.

SINGAPORE (Aug 18): One way to play the synchronised global recovery — assuming it is not derailed by a nuclear or trade war — is through office real estate investment trusts (REITs), be they US- or Singapore-focused.

SINGAPORE (Aug 11): DBS is maintaining its “buy” call on Manulife US REIT a with a target price of US$1.07 ($1.46).

SINGAPORE (Aug 8): The manager of Manulife US REIT, the first pure-play US office REIT listed in Asia, today announced a 2Q17 DPU of 1.58 US cents, exceeding IPO prospectus projection of 1.47 US cents by 7.5%.

This article appears in Issue 784 (June 19) of The Edge Singapore which is on sale now

SINGAPORE (June 20): The manager of Manulife US REIT announced on Tuesday that its private placement was “well over-subscribed with strong participation from new and existing institutional investors”, triggering the upsize option.

SINGAPORE (June 19): Manulife US REIT is making its maiden acquisition.

SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.01, up from US$0.95 previously.