Manulife US Real Estate Investment Trust (MUST)

MUST appoints Marc Feliciano as chairman of the board of directors - THE EDGE SINGAPORE

New appointments

MUST appoints Marc Feliciano as chairman of the board of directors

Feliciano’s appointment is effective from Oct 26.

REITs

Manulife US REIT secures 65-month renewal with anchor tenant at 1100 Peachtree

The REIT manager added that negotiations with its lenders are in progress.
Analysts downgrade Manulife US REIT after worse-than-expected valuation cuts - THE EDGE SINGAPORE

Broker's Calls

Analysts downgrade Manulife US REIT after worse-than-expected valuation cuts

As at 12.26pm, units in MUST are trading 5.2 US cents lower or 30.77% down at 11.7 US cents.

REITs

Manulife US REIT's indirect subsidiary redeems all outstanding preferred units

The indirect subsidiary used to hold MUST’s Tanasbourne property located in Hillsboro, Oregon, in the US.
Manulife US REIT taking the 'right measures' after 10% fall in valuation: analysts - THE EDGE SINGAPORE

Broker's Calls

Manulife US REIT taking the 'right measures' after 10% fall in valuation: analysts

CGS-CIMB Research analysts have cut their target price for Manulife US REIT following its FY2022 results.

Broker's Calls

OCBC lowers MUST’s TP to 41 US cents, citing asset valuation decline

Analyst Chu Peng has maintained her “buy” rating for Manulife US REIT with a lower TP of 41 US cents from 47 US cents previously.
Belief in Manulife US REIT’s potential recovery in 2HFY2022 'misplaced': RHB - THE EDGE SINGAPORE

Broker's Calls

Belief in Manulife US REIT’s potential recovery in 2HFY2022 'misplaced': RHB

RHB's Vijay Natarajan has kept 'buy' on the REIT but lowered his target price to 43 US cents from 64 US cents.
Manulife US REIT's aggregate leverage now at 49% based on updated asset valuations - THE EDGE SINGAPORE

REITs

Manulife US REIT's aggregate leverage now at 49% based on updated asset valuations

The REIT's real estate valuation of its portfolio has declined by 10.9% to US$1.95 billion ($2.62 billion) in 2022.

New appointments

Manulife US REIT appoints chief sustainability officer as deputy CEO

At the same time, MUST announced the retirement of its chairman, Hsieh Tsun-Yan, who will step down on Oct 1.
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