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30-04-2024, 03:45 PM
Despite the Interest rate remains higher for longer, UH REIT is one of the very few, if not the only REIT got higher property value, and this is due to trends like:
learn more about the data at the WSJ news: Strip Malls Are the New King of Retail Real Estate
UH REIT has a portfolio of 20 grocery & necessity properties and a pair of self-storage facilities along the U.S. east coast. These grocery & necessity properties are what market insiders commonly refer to as "Big-box" - they're single-story, open-air, and boast ample parking space. it has a client list for these Big-box properties includes retail giants like Walmart and Target.
It is traded at a office-like distribution yield of 11%. which I think is very undervalued. high occupancy rate at 97.2%, properly hedge interest rate. I'm can't see why it will appreciate further.
btw, you can meet its investor relation and its CEO in person at the REIT Symposium on 11 May. he is attending the event according to https://reitsymposium.com/speakers/.
they normally host half of S-REIT there annually. probably can ask him some questions there.
- Historically low new retail development
- New store openings outpacing store closings
- Post Pandemic Lifestyle: Shift toward first ring suburbs in US
- The physical store is now a last-mile logistics hub for e-commerce, fulfillment & distribution
- Trends that shift from shopping mall to Open-Air Grocery Anchored Centers
- Higher trip frequency driven by necessities
learn more about the data at the WSJ news: Strip Malls Are the New King of Retail Real Estate
UH REIT has a portfolio of 20 grocery & necessity properties and a pair of self-storage facilities along the U.S. east coast. These grocery & necessity properties are what market insiders commonly refer to as "Big-box" - they're single-story, open-air, and boast ample parking space. it has a client list for these Big-box properties includes retail giants like Walmart and Target.
It is traded at a office-like distribution yield of 11%. which I think is very undervalued. high occupancy rate at 97.2%, properly hedge interest rate. I'm can't see why it will appreciate further.
btw, you can meet its investor relation and its CEO in person at the REIT Symposium on 11 May. he is attending the event according to https://reitsymposium.com/speakers/.
they normally host half of S-REIT there annually. probably can ask him some questions there.