S-REITs Weekly - UOB Kay Hian 2020-04-20: Rally Continued, Supported By The Easing Of Leverage Limit

S-REITs - UOB Kay Hian Research | SGinvestors.io ASCENDAS REAL ESTATE INV TRUST (SGX:A17U) MAPLETREE INDUSTRIAL TRUST (SGX:ME8U) MAPLETREE LOGISTICS TRUST (SGX:M44U) ASCOTT RESIDENCE TRUST (SGX:HMN) KEPPEL REIT (SGX:K71U)

S-REITs Weekly - Rally Continued, Supported By The Easing Of Leverage Limit

  • The S-REITs rally continued, supported by the easing of leverage limit from 45% to 50%, which remains conservative and prudent.
  • We put the spotlight on United Hampshire US REIT (SGX:ODBU), which provides an attractive distribution yield of 9.3% for 2020 and 9.6% for 2021. More than 70% of its base rental income is derived from tenants engaged in businesses deemed essential. It benefits from the gradual 3-phase lifting of the US’ lockdown.



WHAT HAPPENED LAST WEEK





SPOTLIGHT


Downside Risks Alleviated By Changes In Regulations






United Hampshire US REIT (SGX:ODBU)



See attached PDF report for S-REITs peer comparison table.





Jonathan KOH CFA UOB Kay Hian Research | Peihao LOKE UOB Kay Hian | https://research.uobkayhian.com/ 2020-04-20
SGX Stock Analyst Report BUY MAINTAIN BUY 3.350 SAME 3.350
BUY MAINTAIN BUY 2.900 SAME 2.900
BUY MAINTAIN BUY 2.080 SAME 2.080
BUY MAINTAIN BUY 1.240 SAME 1.240
BUY MAINTAIN BUY 1.300 SAME 1.300



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