HE might have taken over the reins of the pure-play US office real estate investment trust (Reit), Manulife US Reit (MUST), at a time when the US office sector faces its greatest identity crisis yet as Covid-19 ushered in an era of hybrid work. 

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

ANALYSTS have trimmed their target prices on Manulife US Real Estate Investment Trust (Manulife US Reit). This came as the US-focused Reit saw a dip in portfolio occupancy in the first quarter ended March, although rental reversions improved on quarter.

Analysts remain positive on Manulife US REIT (MUST) following a dip in its portfolio occupancy in 1QFY2022, as the REIT explores inorganic growth opportunities this year.MUST achieved a lower portfolio occupancy q-o-q at 91.6% at end-1QFY2022, compared to 92.3% at end-4QFY2021, due to lower occupanc...

ANALYSTS have trimmed their target prices on Manulife US Real Estate Investment Trust (Manulife US Reit). This came as the US-focused Reit saw a dip in portfolio occupancy in the first quarter ended March, although rental reversions improved on quarter.

Manulife US REIT points to a “slow and bumpy return to office” as occupancy declined slightly to 91.7% in 1QFY2022 ended March 31, 2022. Weighted average lease expiry (WALE), meanwhile, declined to 5.0 years.This is compared to 92.3% and 5.1 years respectively as at the end of 2021.The dip is du...

THE following companies saw new developments that may affect trading of their securities on Monday (May 9):

The manager of Manulife US REIT (MUST) has reported a portfolio occupancy of 91.7% for the 1QFY2022 ended March, higher than the US class A average occupancy of around 83%. As at March 31, the REIT’s weighted average lease expiry (WALE) stood at 5.0 years with some 68,000 sq ft in leases execu...

US office-focused Manulife US Real Estate Investment Trust (Manulife US Reit) on Monday (Apr 9) said that portfolio occupancy for the first quarter ended Mar 31 remained stable at 91.7 per cent, above the US Class A average of 83 per cent.

MANULIFE US Reit’s manager is promoting its deputy chief executive to the top job on Friday (May 6), amid what the board called succession planning.