- For 3Q22, Manulife US REIT’s overall portfolio occupancy dipped slightly to 88.1% while physical occupancy remained at around 30%. Some 61,000sf of leases were executed at 4.3% positive rental reversion, leading to a year-to-date positive rental reversion of 1.7%.
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- Manulife US REIT continues to ramp up its hotelisation efforts, with its Peachtree asset the next asset in line.
Manulife US REIT's 3Q22 update.
- Manulife US REIT (SGX:BTOU) provided operating metrics for 3Q22 with no financials given. See Manulife US REIT's announcement dated 02 Nov 2022.
Lower overall portfolio occupancy.
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- Management expects overall portfolio occupancy to stabilise moving forward. Manulife US REIT has been in negotiation with prospective tenants to take over vacated spaces which we reckon may take some time to backfill. Also, physical occupancy remains at around 30%, similar to 2Q22.
Weak leasing activity.
- Read more at SGinvestors.io.
