UNITED HAMPSHIRE US REAL ESTATE INVESTMENT TRUST

What UNITED HAMPSHIRE US REAL ESTATE INVESTMENT TRUST does

United Hampshire US Real Estate Investment Trust (UHREIT) is a Singapore-domiciled real estate investment trust listed on the Singapore Exchange (SGX-ST, ticker ODBU) since 12 March 2020, investing exclusively in stabilised income-producing real estate in the United States. The trust focuses on grocery-anchored and necessity-based retail shopping centres alongside modern, climate-controlled self-storage facilities, with a portfolio of 23 properties (21 grocery & necessity, 2 self-storage) valued at US$795.3 million as at 31 March 2026 across nine East Coast states. UHREIT is managed by United Hampshire US REIT Management Pte. Ltd., a joint venture between UOB Global Capital LLC (a subsidiary of United Overseas Bank) and Hampshire U.S. Holdco, LLC (affiliated with The Hampshire Companies), which together provide deal sourcing, asset management, and capital markets capabilities.

The REIT generates revenue from three streams: rental income from long-term triple-net leases (typically containing rent escalation and indexation provisions), recoveries income from tenants for reimbursable property expenses such as common area maintenance, utilities, real estate taxes and property management fees, and other miscellaneous operating income. Tenants are predominantly investment-grade or large enterprise grocery and necessity retailers — including ShopRite (Wakefern), Giant (Ahold Delhaize), Walmart, HomeGoods, Dollar Tree, M&T Bank, CAVA, Academy Sports, Florida Blue and DICK'S Sporting Goods — with supermarket anchors typically accounting for 50–70% of each property's net lettable area. The self-storage segment serves residential and commercial customers in the New York metropolitan area through the Carteret and Millburn facilities.

The business model relies on capital recycling to drive DPU-accretive growth: since IPO, UHREIT has completed five acquisitions totaling US$201.8 million (most recently Dover Marketplace in Pennsylvania and Wallingford Fair Shopping Center in Connecticut) funded partially by five divestments at or above appraised value totaling US$115.7 million. Investor returns are delivered through semi-annual cash distributions (FY2025 DPU of 4.39 US cents, 8.1% higher YoY) supplemented by a Distribution Reinvestment Plan that enables reinvestment at a discount to market price. The REIT maintains 97.7% grocery & necessity committed occupancy, an 8.0-year WALE, 98% freehold exposure, and 76.2% fixed-rate or hedged debt to manage interest-rate risk, while aggregate leverage stood at 41.1% as at 31 March 2026.

Name

UNITED HAMPSHIRE US REAL ESTATE INVESTMENT TRUST

Legal name

United Hampshire US Real Estate Investment Trust

Website

https://uhreit.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

United Hampshire US REIT is a Singapore-listed REIT investing in U.S. grocery-anchored retail and self-storage properties. Its 23-property, US$795.3 million East Coast portfolio serves supermarket anchors and necessity retailers, generating rental and recoveries income distributed semi-annually to unitholders.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (Retail)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Self-Storage Facility Management & Operations (Third-Party Managed) (HSAKAGAI)

Keywords

• Grocery-anchored retail
• Self-storage properties
• Real estate investment trust
• Property leasing
• Distribution reinvestment plan

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Supply Chain

Revenue model

1. Rental Income: Base rental income from long-term leases with grocery-anchored retail and self-storage tenants. Leases typically contain rent escalation clauses and indexation provisions. Income is recognised on a straight-line basis over the lease term.
2. Recoveries Income: Reimbursements from tenants for recoverable property expenses including common area maintenance, utilities, property management fees, real estate taxes, and other recoverable costs. Estimated in accordance with individual tenant leases.
3. Other Operating Income: Miscellaneous operating income from tenants and property operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

United Hampshire US REIT owns and operates 23 income-producing properties in the United States, comprising 21 grocery-anchored and necessity-based retail shopping centers and two climate-controlled self-storage facilities. The REIT generates rental income through long-term leases with grocery operators (ShopRite, Giant, Walmart, etc.) and other necessity retailers, and distributes semi-annual cash distributions to unitholders (investors) along with a Distribution Reinvestment Plan.

Product overview

United Hampshire US REIT operates as a single focused real estate investment trust with two core asset classes: Grocery & Necessity Properties (21 grocery-anchored retail shopping centers) and Self-Storage Properties (2 climate-controlled facilities). The REIT also offers a Distribution Reinvestment Plan (DRP) allowing unitholders to reinvest distributions. The portfolio comprises 23 high-quality properties totaling US$795.3 million in value, located across nine East Coast U.S. states, serving the non-discretionary needs of American consumers. UHREIT is sponsored by UOB Global Capital LLC and The Hampshire Companies, LLC, and is managed by United Hampshire US REIT Management Pte. Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• Grocery & Necessity Properties

Quantifiable outcome

• 97.7% Grocery & Necessity Committed Occupancy
• +7 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered notable and core.

• The Kalikow GroupnotableOthers · 20 January 2026The Kalikow Group, a Westbury, New York-based real estate investor, sold the Wallingford Fair Shopping Center in Wallingford, Connecticut to UHREIT for US$21.4 million in January 2026. This was UHREIT's first entry into Connecticut, expanding the portfolio to 23 properties across nine East Coast states.
• Perpetual (Asia) LimitedcoreOthersPerpetual (Asia) Limited serves as the Trustee of UHREIT, responsible for overseeing the operations of the trust and ensuring compliance with the Trust Deed and applicable regulations.
• Boardroom Corporate & Advisory Services Pte. Ltd.coreOthersUnit Registrar and Unit Transfer Office of UHREIT, managing unitholder records, distribution payments, and DRP elections. Located at 1 Harbourfront Avenue, Keppel Bay Tower, Singapore.
• Deloitte & Touche LLPcoreOthersExternal auditor of UHREIT, providing audit services and non-assurance services (tax compliance). Deloitte & Touche LLP, Singapore serves as principal auditor, with U.S. affiliate providing group reporting audit.

Scale indicators29 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Phillips Edison & Company: U.S.-listed REIT (NASDAQ: PECO) entirely focused on grocery-anchored neighborhood shopping centers. Closest pure-play comparable to UHREIT's grocery-anchored shopping center strategy, with similar defensive necessity-tenant investment thesis.
• Federal Realty Investment Trust: U.S.-listed REIT (NYSE: FRT) focused on grocery-anchored open-air shopping centers in high-density coastal markets. One of the most direct comparables to UHREIT's grocery-anchored retail strategy, with similar focus on necessity-anchored mixed-tenant properties.
• Kite Realty Group Trust: U.S.-listed REIT (NYSE: KRG) focused on open-air grocery-anchored shopping centers. Direct competitor for grocery-anchored East Coast retail assets and a close functional comparable to UHREIT's necessity retail strategy.
• National Retail Properties: U.S.-listed REIT (NYSE: NNN) focused on single-tenant retail net lease properties, with significant grocery and necessity retail exposure. Comparable to UHREIT on tenant credit and lease structure, though NNN is single-tenant rather than multi-tenant grocery-anchored.
• Necessity Retail REIT: U.S.-listed REIT (NASDAQ: RTL) focused on necessity-anchored open-air retail including grocery-anchored shopping centers. Direct comparable to UHREIT on asset class and tenant focus, with overlapping exposure to similar U.S. retail categories.
• Realty Income Corporation: U.S.-listed REIT (NYSE: O) and bellwether for net-lease necessity retail including grocery. Comparable to UHREIT's defensive necessity-tenant focus and large grocery-anchored tenant roster, though Realty Income operates across multiple property types and geographies.
• Brixmor Property Group: U.S.-listed REIT (NYSE: BRX) operating one of the largest open-air shopping center portfolios with significant grocery-anchored exposure. Comparable to UHREIT on grocery-anchored retail strategy, though Brixmor is more diversified across the U.S.
• NETSTREIT Corp: U.S.-listed REIT (NASDAQ: NTST) focused on necessity-based single-tenant retail including grocery-anchored assets. Compares on tenant profile and lease structure, though smaller and earlier-stage than UHREIT.

Broad incumbents

• Manulife US REIT: Singapore-listed REIT (SGX: MUST) investing in U.S. office properties. Same Singapore-listed U.S.-exposed REIT structure and regulatory framework as UHREIT, though focused on U.S. office rather than retail — useful structural and distribution comparable.

Regional players

• Daiwa House US REIT (formerly known as Daiwa House Industrial REIT): Singapore-listed REIT (SGX: TLGX) investing in U.S. industrial and logistics properties. Comparable as a Singapore-listed U.S.-exposed REIT with similar cross-border structure, though asset class (industrial/logistics) differs from UHREIT's retail focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/uhreit

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UNITED HAMPSHIRE US REAL ESTATE INVESTMENT TRUST