- Following from the recent release of Manulife US REIT (SGX:BTOU)’s 1Q2023 Business Update, the discussions with Mirae are still ongoing (Mirae deal). We understand that due diligence by Mirae on Manulife US REIT is substantially completed, with both parties currently negotiating the key terms, which we await more clarity.
- - Read this at SGinvestors.io -
- See Manulife US REIT's announcement dated 11 May 2023. Overall, key highlights from Manulife US REIT's business update include :
- - Read this at SGinvestors.io -
- Manulife (sponsor) intends to retain its 9.1% stake in Manulife US REIT,
- May see gearing reduce to the low 40% level.
Is the rumoured US$150m investment by Mirae enough to solve capital structure pressure faced by Manulife US REIT?
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Rachel TAN DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-05-18
Read also DBS's most recent report:
2024-02-09 Manulife US REIT - Focus On Leasing & Divestments.
Previous report by DBS:
2023-11-30 Manulife US REIT - Throwing A Lifeline; Downgrade To HOLD.
Price targets by other brokers at Manulife US REIT Target Prices.
Listing of research reports at Manulife US REIT Analyst Reports.
Relevant links:
Manulife US REIT Share Price History,
Manulife US REIT Announcements,
Manulife US REIT Dividends & Corporate Actions,
Manulife US REIT News Articles
