Today, Manulife US REIT announced their 3Q 2022 Operational Update. The manager has provided latest updates related to occupancy and debt. Manulife US REIT has also shared their repositioning strategy which introduce the new concepts such as “hotelisation” and flexible space. Peachtree will embark on hotelisation in 1H 2023. Plaza has introduced flexible space solution in 3Q 2022. Occupancy Overall portfolio occupancy stood at 88.1%. Weighted Average Lease Expiry (WALE) stood at 4.9 years. The manager specifically mentioned that Diablo’s occupancy improved from 85.7% in 30 June 2022 to 91.1% in 30 September 2022. This is because of a 10-year lease with a semi-conductor company. The good news here is that Manulife US REIT achieved positive 4.3% rent reversion. Debt As of 30th September 2022, gearing ratio stood at 42.5%. In my opinion, this is extremely high. The good news is that 81.1% of the loan...