United Hampshire US REIT ("UHREIT") reported a strong 1Q 2026, with distributable income rising 10.0% year-on-year to US$6.9 million,
Taking it on an annual basis, once can expect about US$26.6 million in distributable income. The real distributable income should be about US$27 million, factoring reduced interest rates and acquistions.
At US$0.52 price per unit/market cap $313 million, this points to 8.5% dividend yield
Sustainable yield (below 100% payout ratio), high yield and consumer resilient tenants in supermarkets, this is turning out to be a good REIT. Based on my cost price, I am earning 10% annual yield on cost.
Prices have gone up, but I am still not selling because it gives 8.5% yield. There are rental escalations built in, this means dividend may keep growing annually.
A good REIT many fund managers have not started buying due to their investment mandate of requiring the REIT to be in tracking indexes. This is hindering fund managers. But as retailers, we are able to purchase it easily and earn 8.5% dividend yield. Eventually fund managers will be forced to buy the REIT when volume picks up
