United Hampshire US REIT (UHREIT)

New appointments

Robert Schmitt to step down as CEO of United Hampshire US REIT's manager on May 1

Gerard Yuen, who is currently the chief financial officer of the manager, will be appointed CEO with effect from May 1.

Broker's Calls

UOB Kay Hian maintains 'buy' on United Hampshire US REIT, raises TP to 71 US cents

Analyst Jonathan Koh says UHREIT's strip centres have benefitted from a rebound in retail real estate.

Broker's Calls

United Hampshire US REIT benefitting from retail recovery, UOB Kay Hian maintains 'buy'

Shopper traffic at UHREIT’s open-air strip centres have trended higher during summer.

Results

United Hampshire US REIT posts 8.1% increase in 3QFY2022 distributable income to US$8.3 million

UHREIT posts 8.1% y-o-y increase in 3QFY2022 distributable income to US$8.3 mil.

Insider moves

United Hampshire US REIT director Wee bought shares

United Hampshire US REIT closed Aug 19 at 60 US cents

Results

United Hampshire US REIT sees 1HFY2022 DPU dip by 4.6% y-o-y to 2.91 US cents

As at June 30, the REIT’s total asset valuation stood at US$732.9 million, up by 25.4% y-o-y.
United Hampshire US REIT's director Goss raises stake; OUE steps up share buybacks - THE EDGE SINGAPORE

Insider moves

United Hampshire US REIT's director Goss raises stake; OUE steps up share buybacks

UHREIT has recently divested a property and put the proceeds into higher-yielding assets

Broker's Calls

UOB Kay Hian sees 50.4% upside to United Hampshire US REIT after Upland Square acquisition

UOB Kay Hian analyst Jonathan Koh has also upped his FY2023 DPU forecast by 3% to include the new asset's full-year contributions.

Results

UHREIT achieves NPI and distributable income growth in 1QFY2022

UHREIT achieves NPI and distributable income growth. However its high yield of 10% could pose a challenge for acquisition growth

REITs

United Hampshire US REIT lowers sale consideration for divestment of self-storage properties to US$45.5 mil

The new consideration is around 2.5% above the properties’ valuation as at Dec 31, 2021.
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