United Hampshire US REIT
ODBU.SI : Singapore Exchange
0.430
0.00%
Share Price in USD. As of 26 Jul 16:52:38 SGT
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Key stats
- 52-Week High$0.530
- 52-Week Low$0.345
- Market Cap$251M
- Avg Volume129K
- P/E Ratio (TTM)7.17
- Forward Dividend Yield11.6%
Share Price Performance
| ODBU.SI | Market
| |
|---|---|---|
| 1 Day | -1.15% | 0.24% |
| 5 Day | 1.18% | -0.31% |
| 1 Month | 8.86% | 2.49% |
| 6 Month | -15.69% | 9.02% |
| YTD | -14.00% | 6.08% |
| 1 Year | 0.00% | 6.50% |
| 5 Year | -30.08% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
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Occupancy Rate of 97.4% is higher than sector average of 95.2%
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Net property income yield of 6.68% is lower than its dividend yield of 11.6%
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Gearing Ratio of 0.42x is higher than sector average of 0.37x
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Interest Coverage Ratio of 2.9x is above 2.5x
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Net Book Value of $0.74 is lower than its net book value of $0.75 in the previous year
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Dividend Yield of 11.6% is higher than sector average of 8.5%
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Price to Book of 0.58x is lower than sector average of 0.71x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Analyst Ratings
UOB Kay Hian
13 May 2024
Buy
0.660
(prev 0.680)
Earnings
Earnings Highlights
1Q 2024 Results Summary
Revenue: SGD 18.50M
Increased 2% Year-on-Year
The growth was supported by new leases and rental escalations from existing leases as well as from the revenue generated by the newly completed Academy Sports + Outdoors store at St. Lucie West.
Net Property Income (NPI): SGD 12.70M
Decreased 1% Year-on-Year
Partly attributable to the absence of contribution from Big Pine Center which was divested in August 2023.
Portfolio Occupancy: 95.7%
Leverage/Gearing: 42%
Outlook
With ongoing geopolitical tensions and persistent inflation, a higher for longer interest rate environment remains a possibility. The Manager will be nimble, proactive and focused on strengthening UHREIT's income streams and balance sheet by evaluating asset enhancement and development initiatives, as well as selective divestment and capital recycling and optimization opportunities.
Sources: United Hampshire US REIT Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.05, which is lower than the earnings per share of $0.08 in 2021.
Financials
Financial Statements
| 22 Feb 2024 | For period ending 31 Dec 2023 |
| 12 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 28 Mar 2024 | For period ending 31 Dec 2023 |
News
Profile
Company Description
Listed on the Main Board of the Singapore Exchange on 12 March 2020, UHREIT is a Singapore real estate investment trust established with the principal investment strategy of investing in a diversified portfolio of stabilised income-producing (i) grocery-anchored and necessity-based retail properties (“Grocery & Necessity Properties”), and (ii) modern, climate-controlled self-storage facilities (“Self-Storage Properties”), located in the U.S. The tenants targeted by UHREIT are tenants resilient to the impact of e-commerce, including but not limited to restaurants, home improvement stores, fitness centers, warehouse clubs and other uses with strong omni-channel platforms. UHREIT’s portfolio comprises 20 predominantly freehold Grocery & Necessity Properties and two Self-Storage Properties, primarily concentrated in the East Coast of the U.S., with a carrying value of approximately US$763.4 million and an aggregate net lettable area of approximately 3.8 million square feet.