Basic Profile & Key Statistics Manulife US REIT (MUST) is a pure office REIT that owns 9 properties in U.S. Performance Review There is no financial statement released in this quarter due to the adoption of half-yearly reporting. YTD rental reversion is positive at 7.9%. Occupany dropped from 96.2% to 94.3%. MUST is in the midst of refinancing loans for 2021, which is expected to have interest cost savings. There is no detailed update for AEIs in Figueroa and Exchange; but both are expected to complete this year. Lease Profile Occupancy dropped from 96.2% to 94.3%. WALE is long at 5.5 years where the highest lease expiry of 56.5% falls in 2025 and beyond, without breakdown. All of MUST properties are freehold. Debt Profile Gearing ratio increases slightly from 39.1% to 39.9%. Cost of debt is high at 3.2% despite all secured debt. Fixed rate debt is high at 92.7%. Interest cover ratio is slightly low at 3.7 times. WADE is short at 2.6 years where the highest debt maturity of 26.5% falls in 2021....