- Manulife US REIT (SGX:BTOU)’s FY25 financials were below expectations amidst continued challenges in some of its office markets, partially offset by growth in core assets.
- - Read this at SGinvestors.io -
- Portfolio valuations are stabilising, suggesting that the worst is over – barring a prolonged economic shock from the Middle East conflict.
In active discussion to sell Figueroa at a slight discount
- In active discussion to sell Figueroa at a slight discount to its latest valuation of US$98m. The move, if successful, would enable Manulife US REIT to pay down remaining debt (~US$56m) under the Master Restructuring Agreement (MRA) conditions ahead of its Jun 2026 deadline.
- - Read this at SGinvestors.io -
- Manulife US REIT believes its sponsor’s large North American real estate portfolio and network could aid in a successful portfolio pivot.
Valuations bottoming out
- Read more at SGinvestors.io.
