Manulife US REIT May Benefit From Expected Asset Divestments -- Market Talk
Dow Jones03-20 15:22
0722 GMT - Manulife US REIT may benefit from expected asset divestments, RHB Research's Vijay Natarajan says in a research report. The REIT is close to selling its Figueroa asset in the U.S. and aims to divest of two more office assets, with plans to recycle part of the proceeds into industrial, living and retail sectors, the analyst notes. The REIT's portfolio valuations are also stabilizing, suggesting the worst is over, barring a prolonged economic shock from the Middle East conflict. RHB Research maintains the REIT's neutral rating but trims the target price to US$0.06 from US$0.07, based on 0.3 times revised 2026 book value. Units are 3.3% lower at US$0.058. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 03:22 ET (07:22 GMT)
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