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United Hampshire US Reit eyes growth of recession-proof portfolio to trump headwinds 

UHREIT’s battered valuation translates into one of the highest distribution yields in the S-Reit universe. But the Reit manager – and analysts – believe this is “not justified”.

Jude Chan

Jude Chan

Published Mon, Jun 13, 2022 · 05:50 AM
    • Robert Schmitt, CEO of the manager of United Hampshire US Real Estate Investment Trust (UHREIT), believes its portfolio of properties offers essential goods and services that consumers will need to purchase regardless of the state of the economy.
    • Robert Schmitt, CEO of the manager of United Hampshire US Real Estate Investment Trust (UHREIT), believes its portfolio of properties offers essential goods and services that consumers will need to purchase regardless of the state of the economy. Photo: United Hampshire US Reit

    ROBERT Schmitt, chief executive officer of the manager of United Hampshire US Real Estate Investment Trust (UHREIT), is in a bit of a pickle.

    Operationally, the Singapore-listed real estate investment trust (S-Reit) has remained resilient through the pandemic and performed better than expected.

    For the full year ended December 2021, UHREIT posted distributable income (DI) of US$31.2 million, beating its initial public offering (IPO) forecast by 3 per cent.

    ToplineUnited Hampshire US ReitS-Reits

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