Manulife US REIT :-

America&rsquo s strengthening office market makes Manulife US REIT a great &lsquo buy&rsquo

By: Michelle Zhu

SINGAPORE (Nov 9): DBS Vickers Securities has maintained its &ldquo buy&rdquo 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%)

In a Tuesday report, lead analyst Mervyn Song says the latest set of results translates to an 8% DPu growth in FY17, which is one of the highest among REITs in Singapore.

Highlighting the REIT as &ldquo well-placed to execute on DPU-accretive acquisitions&rdquo , the analyst says he expects any acquisition to diversify its geographic earnings base and tenant concentration.

Furthermore, a recent visit to the REIT&rsquo s properties in the US, combined with meetings with various property brokers, has led Song to conclude that the US office market fundamentals &ldquo remain firm&rdquo .

&ldquo We believe that MUST' s properties in Midtown Atlanta and Downtown Los Angeles submarkets will continue to see steadily increasing rents, continued expansionary tenant demand, increased employment opportunities and also a lack of competitive new supply,&rdquo he comments.

&ldquo We continue to like Manulife US REIT for its exposure to the growing US office market and attractive 7.2% FY17F yield.&rdquo

Units of Manulife US REIT closed at 84 cents.

Anybody who cab get hold of the USD,... do so and invest into this,...

SGX meltdown today,.....

not as bad as Indon.....

u buying anything for high yield? or still waiting for Dec?

Wait first. ...

Down 3cent -3.590% now

DON'T WORRY BRO !!!!! THIS IS BECAUSE OF A LOWERING TIDE CAUSING ALL SHIPS TO LOWER. DON'T WORRY, CHANCE TO ENTER BRO,... TRUST ME !!!!!

What was the IPO price in SGD? According to Reuters it was $0.83 (USD? or SGD?)

I am interested in this one too

Opportunity come a Knocking... hv no fear.. haha

It's USD 0.83, bro,... this is the ONLY USD REIT that I know of, which does not impose a 30% withholding tax onto dividends to be paid out. But, must fill-in the W8-BEN Form properly ! Good luck, bro,....

Fill up d form and pass to ?

Thanks for the info bro I think I've filled up the w8-ben, need to chk with remisier tmr.

Why this counter has no witholding tax ? It was US shares right? What s d logic. ??

i pass mine back to broker house.

If you bought from Standard Chartered Sgp, pass the form back to Stanchart. If you bought from any broker who is not under nominee system, you can pass the form back to yr broker or to the Corporate Secretary.

If you bought from a Msian broker, I'm not too sure.

As to the reason of no withholding tax, this is an arrangement between Manulife and the IRS. I think better not ask too much.

TQ Hansel. I submitted upon opening of acc last year.

Yes, Prince,....

To all,....I saw in the SG REITs thread this morning that Stanchart Sgp may need a work permit in order to open accounts,... better move fast,....

Wow,... many of my counters are dropping this morning, the resilient ones are only two now : UMS and KDC REIT !

Steady, people,... don't go in yet !

anyone know why DBS is on steroid lately? from 15 1-2 weeks ago to 16.3 today.. almost 10% up...

Think banks generally going up... but DBS chionging. maybe cos market think may have rate hike... and rate hike will benefit banks with increased interest rates?