Manulife US Reit > Buy (maintained)

MANULIFE US Reit's private placement and preferential offering have netted gross proceeds of about US$142.7 million after both priced in at the top end of their issue price range.

MANULIFE US Reit's private placement and preferential offering has netted gross proceeds of aboutĀ US$142.7 million after both priced in at the top end of their issue price range.

THE following companies saw new developments that may affect trading of their shares on Friday:

AMID a lower-for-longer interest rate environment, Singapore real estate investment trusts (S-Reits) are ramping up their acquisitions worth billions of dollars, according to market observers.

MANULIFE US Real Estate Investment Trust (Manulife US Reit) on Thursday said it intends to raise about US$142.1 million via a private placement and preferential offering to partially fund its US$...

THE following companies saw new developments that may affect trading of their shares on Thursday:

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...

Operationally, Q2 was in line with expectations with Ebitda boosted by the MRAS integration in April. First half Ebitda forms around 45 per cent of estimated FY2019 earnings.

CONTRIBUTIONS from its newly acquired properties boosted Manulife US Reit's second-quarter distribution per unit (DPU), which rose 17.7 per cent to 1.53 US cents from 1.3 US cents in the same...