Source from DBS Group Research
DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.
According to lead analyst Mervin Song, the REIT provides investors with the opportunity to invest freehold properties in US. Manulife’s initial portfolio includes three Class A or Trophy buildings, namely Figueroa in Los Angeles, Michelson in Orange County, and Peachtree in Atlanta.
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