not vested
United Hampshire US REIT (UHU SP)
Defensive Yield From Necessity Consumption Of Groceries And Self-storageUnited Hampshire US REIT’s (UHU) grocery-anchored and necessity-based retail properties cater to essential basic necessities, which are e-commerce resistant due to prohibitive last-mile logistic costs.
Its defensive strength is further reinforced by bluechip tenants and a long WALE of 8.4 years.
Demand for self-storage space is growing, due to an outflow of population from New York City to suburban areas in New Jersey and residents have to declutter their homes to create space for their home offices.
Initiate coverage with BUY. Target price: US$0.92.
Source: UOBKH
https://research.uobkayhian.com/content ... 36c3da1de4
Posted: Fri Mar 13, 2020 10:45 am