Manulife US REIT - UOB Kay Hian 2024-02-13: Pulling Multiple Levers To Deleverage

Manulife US REIT - Pulling Multiple Levers To Deleverage

Manulife US REIT (SGX:BTOU) | SGinvestors.ioManulife US REIT (SGX:BTOU)
  • There is a pick-up in leasing activities with Manulife US REIT securing two new tenants in 4Q23: an insurance firm at Capitol and a public administration agency at Figueroa. In 1Q24, existing tenant Hyundai Capital expanded at Michelson, while The Children’s Place has returned to Plaza.
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Manulife US REIT's 2H23 Results

Termination fees boosted revenue and NPI.

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  • higher property expenses, and
  • divestment of Tanasbourne in Hillsboro during Apr 23 and Park Place in Chandler during Dec 23.
  • Interest expense increased 29.1% y-o-y.

Pick-up and positive momentum in leasing activities.

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Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

Jonathan KOH CFA UOB Kay Hian Research | 2024-02-13

Previous report by UOB:
2023-11-30 Manulife US REIT - Breathing Space For Orderly Deleveraging.

Price targets by 3 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


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