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United Hampshire US Reit eyes ‘opportunistic divestments’, accretive acquisitions in growth plans

The CEO of the trust’s manager of the Reit is confident of reaching the target of US$1 billion in assets under management by 2026 

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Navene Elangovan

Navene Elangovan

Published Mon, Oct 28, 2024 · 05:00 AM
    • The tight supply of strip malls in the US puts United Hampshire US Reit in a strong bargaining position as landlord, says Gerard Yuen, the Reit manager's chief executive officer.
    • The tight supply of strip malls in the US puts United Hampshire US Reit in a strong bargaining position as landlord, says Gerard Yuen, the Reit manager's chief executive officer. PHOTO: KEZIA KOO, BT

    SINCE it listed on the Singapore Exchange four years ago, retail-focused United Hampshire US Real Estate Investment Trust (Reit) has seen its assets under management (AUM) jump 30 per cent, from around US$580 million to about US$770 million.

    This is despite a host of factors thwarting its growth, including higher interest rates and the Covid-19 pandemic.

    With interest rates coming down, Gerard Yuen, the chief executive officer of the Reit manager, is optimistic that the Reit can hit its target AUM of US$1 billion by 2026.

    ToplineUnited Hampshire US ReitRetail

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