External broker reports(aggregated public sources), RHB Invest

RHB Invest

External broker reports(aggregated public sources)

RHB Investment Bank is one of the leading capital market players in Malaysia. Supported by an award-winning research team of experienced product specialists, RHB Group Investment Banking offers a full range of investment banking products and services covering primary markets, such as advisory (corporate & debt restructuring, mergers and acquisitions, takeovers), fundraising via both equity and debt instruments, and secondary markets including securities trading for both institutional and retail clients. 

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Equity Bottom-Up

<ul><li>Keep BUY rating on Manulife US REIT (SGX:BTOU) with US$0.40 target price, 126% upside and 23% yield.</li><li>We think the Phipps Tower disposal to Manulife US REIT’s sponsor is another positive step, demonstrating much-awaited sponsor commitment and brightening its longer-term prospects amid a very challenging near-term US office outlook.</li><li>Phipps Tower in Atlanta (Built in 2010) is the second sale in two months to Manulife US REIT’s sponsor (purchased from the sponsor in 2018 for US$205m).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Keep BUY rating on Manulife US REIT (SGX:BTOU) with US$0.40 target price, 126% upside and 23% yield.We think the Phipps Tower disposal to Manulife US REIT’s sponsor is another positive step, demonstrating much-awaited sponsor commitment and brightening its longer-term prospects amid a very challenging near-term US office outlook.Phipps Tower in Atlanta (Built in 2010) is the second sale in two months to Manulife US REIT’s sponsor (purchased from the sponsor in 2018 for US$205m).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Manulife US REIT - On The Road To Redemption; BUY

Singapore

Manulife US REIT is a Singapore-listed real estate investment trust that primarily invests in income-producing office properties and real estate-related assets in the United States and Canada. As of March 31, 2026, its portfolio includes seven freehold office properties across Arizona, California, Georgia, New Jersey, Virginia, and Washington, D.C., with a total net lettable area of 3.5 million sq ft. The company was incorporated in Singapore in 2015.

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Manulife US REIT (MUST SP)

Manulife US REIT - On The Road To Redemption; BUY

Keep BUY rating on Manulife US REIT (SGX:BTOU) with US$0.40 target price, 126% upside and 23% yield. We think the Phipps Tower disposal to Manulife...

RHB Invest

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