Over the past four years since MUST’s IPO, MUST has worked to build a top quality portfolio that reflects its strong belief that Trophy/Class A assets provide strong income in up-cycles, and remain resilient during market turmoil, as compared to Class B and lower Class Business Park assets.
In addition, our strategy to fortify MUST’s portfolio through owning top quality buildings is paying off. We have a diversified trade mix of tenants in resilient trade sectors, such as government, legal and finance, blended with companies from across the fast-growing technology and health sectors. Majority of our tenants are listed, government agencies, with more than a third being HQ locations.
We have a high occupancy of 96.2% and a long WALE of 5.7 years. We have minimal expiries of 3.4% and 5.7% due in 2020 and 2021 respectively. As there are no break clause options in U.S., tenants are not allowed to get out or even give back their space.
Investors buy REITs for their sustainable and stable distributions. The USD is a safe haven currency. Being invested in MUST will allow you to access to the world’s deepest real estate sector. In the long term, we remain confident that our portfolio will continue to outperform. We are also backed by our sponsor and have grown from 3 properties to 9 since our IPO in 2016 in a disciplined manner.
At the current price and a weak USD, trading at close to 8% yield makes MUST look extremely attractive :)
Over the past four years since MUST’s IPO, MUST has worked to build a top quality portfolio that reflects its strong belief that Trophy/Class A assets provide strong income in up-cycles, and remain resilient during market turmoil, as compared to Class B and lower Class Business Park assets.
In addition, our strategy to fortify MUST’s portfolio through owning top quality buildings is paying off. We have a diversified trade mix of tenants in resilient trade sectors, such as government, legal and finance, blended with companies from across the fast-growing technology and health sectors. Majority of our tenants are listed, government agencies, with more than a third being HQ locations.
We have a high occupancy of 96.2% and a long WALE of 5.7 years. We have minimal expiries of 3.4% and 5.7% due in 2020 and 2021 respectively. As there are no break clause options in U.S., tenants are not allowed to get out or even give back their space.
Investors buy REITs for their sustainable and stable distributions. The USD is a safe haven currency. Being invested in MUST will allow you to access to the world’s deepest real estate sector. In the long term, we remain confident that our portfolio will continue to outperform. We are also backed by our sponsor and have grown from 3 properties to 9 since our IPO in 2016 in a disciplined manner.
At the current price and a weak USD, trading at close to 8% yield makes MUST look extremely attractive :)