manulife us reit
Manulife US Reit proposes strategic pivot to retail, living, industrial sectors
It seeks mandates for US$350 million in divestments and US$600 million in acquisitions
Manulife US Reit bags two-year lease renewal with US Treasury
The government department makes up 5.3% of the Reit’s total gross rental income
‘All the signs are positive’: Manulife US Reit manager sees improved outlook on US office recovery
Some 81,000 sq ft of leases have been executed in the quarter, making up 2.3% of the portfolio’s net lettable area
US office S-Reits could be on the cusp of a comeback
The worst could be over, with interest rates now edging downwards, and leasing demand and occupancy metrics improving across major office markets
‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet
Investor sentiment towards the sector appears to be stabilising, but recovery among players remains uneven
Manulife US Reit posts 34.9% lower H1 distribution per unit of US$0.0084
Net property income stands at US$30.2 million for the half-year, down 29.5% from US$42.8 million in the year-ago period
Manulife US Reit gets nod to extend asset disposal deadline to Dec 31
It can dispose up to four non-core assets to third-party buyers in order to raise minimum net sales proceeds of US$328.7 million
Manulife US Reit portfolio occupancy falls to 69.9% for Q1
Drop largely due to the expiry of leases at its Diablo property in the submarket of Tempe, Arizona
Manulife US Reit divesting Atlanta property for US$133.8 million to repay loans due 2026
The group expects to get US$118.8 million as net proceeds from the transaction, excluding the seller’s credit and transaction costs
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
Revenue for the half year falls 25.5% to US$80.8 million
