Brokers' take

Manulife US Reit > Buy (maintained) DBS Equity Research, Aug 22 Aug 23 close: US$0.895 Target price: US$1.10

WE believe the Reit will continue to offer investors compelling value as its distribution per unit (DPU) remains on an uptrend given its ability to surprise on accretive acquisitions, and positive leasing spreads to drive earnings and net asset value (NAV) higher.

Moreover, Manulife US Reit's forward yield of 7 per cent stands at around 150 basis points higher than the S-Reit average but offers a superior 3-year DPU compound annual growth rate of around 4.5 per cent.