Manulife US REIT
Manulife US REIT is a Singapore listed REIT which invests, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets.
See below for the Latest Manulife US REIT News, Analysis, Profit Results, Share Price Information, and Commentary.
Manulife US REIT warns of net loss amidst 9.3% portfolio valuation decline
Manulife US REIT warns of net loss amidst 9.3% portfolio valuation decline
The REIT plans to divest properties to repay debt.
Manulife US REIT occupancy rate drops to 77% in Q3
The decline was due to the lower occupancies in Secaucus and Jersey City properties.
Manulife US REIT divests property in California for US$117m
Divestment proceeds fully repaid the REIT's US$130.7m loan due 2025.
Manulife US REIT to clear 2025 loans with US$117m property divestment
It has US$130.7m in loans due by 2025.
Manulife US REIT’s NPI drops 22.7% amidst higher vacancies
The REIT reported a lower occupancy rate of 78.4% in H1.
Manulife US REIT’s occupancy drops to 78.7% in 1Q24
The REIT attributed the drop to TCW's lease expiry.
Manulife US REIT taps John Casasante as CEO and CIO
Casasante’s appointment is still subject to regulatory approval.
Manulife US REIT posts 15.5% YoY lower distributable income of US$74.3m in FY23
The REIT attributed the decrease to lower rental and recoveries income.
Manulife US REIT completes divestment of Park Place in Arizona, US
The divestment is part of the REIT’s recapitalisation plan.
Manulife REIT shareholders greenlight recapitalisation plan
The shareholders voted on the proposed plan on 14 December.
11 of 12 Manulife REIT’s lenders obtain approvals for recapitalisation plan
The remaining lender is pending final board approval.
Manulife US REIT mulls halting half-yearly distribution until 2025 under recapitalisation plan
The plan aims to address its breach of financial covenants.
Manulife US REIT's occupancy rate climb to 84.7%
Of all the executed leases, 7.7% were new, whilst 90.5% were renewals.
Manulife US REIT renews lease with 4th largest tenant
Kilpatrick Townsend extended its lease at 1110 Peachtree, Atlanta, to 2030.
Manulife US REIT registers lower first-half performance
Distributions for the first half of the year will be halted.
Manulife US Reit requests a trading halt
The statement was published at 7:33 a.m.
MUST’s fifth-largest tenant terminates lease at 500 Plaza Drive in New Jersey
The tenant has already paid MUST a termination fee of US$4m.
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Commentary
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