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 19 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$731 million and an aggregate net lettable area (“NLA”) of approximately 3.3 million square feet.
Metrics to compare | UNIE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipUNIEPeersSector | |
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P/E Ratio | 9.6x | 18.7x | 9.0x | |
PEG Ratio | −0.90 | 0.16 | 0.01 | |
Price/Book | 0.7x | 1.1x | 0.9x | |
Price / LTM Sales | 3.9x | 6.6x | 3.9x | |
Upside (Analyst Target) | 29.2% | 13.0% | 12.7% | |
Fair Value Upside | Unlock | −4.8% | 0.5% | Unlock |