Basic Profile & Key Statistics Manulife US REIT (MUST) is an office REIT that owns 9 properties in U.S.
Performance Highlight Gross revenue, NPI, distributable income and DPU decreased mainly due to lower income from Michelson, Centerpointe and Capitol, lower carpark income as well as rental abatement provided to eligible tenants. This is partially offset by + $ 2.1 million of net reversal of provision for expected credit losses.
Rental reversion is at +1.3%.   Related Parties Shareholding

REIT sponsor's shareholding is low at 9.2%REIT manager's shareholding is low at 0.48%Directors of REIT manager's shareholding is moderate at 0.12%
Lease Profile Occupancy is slightly low at 91.7%WALE is long at 5.3 yearsHighest lease expiry within 5 years is low at 13.2% which falls in 2022, identical to 2023.All properties are freehold
Debt Profile Gearing ratio is high at 42.1%Cost of debt is high at 2.99%Fixed rate debt % is high at 96.3%Unsecured debt% is...