You can’t just ignore this kind of massive yield. I can’t. Manulife REIT (MUST) shares tanked 43% since the start of this year, which makes this “pure-play” US office Singapore REIT really attractive. What’s more today, MUST’s market cap trades at just half of what its assets are truly worth – MUST shares trade at just 0.55x P/NAV. Why are investors so bearish about this Singapore REIT? Because of COVID? Because of rising rates? I mean, MUST shares trade like investors don’t want to be in US offices anymore. Is that really the case? Let’s find out. Trending Is SATS Playing a Dangerous Game? My previous article on Manulife REIT can be found here. Background — What is Manulife REIT?  At US$666 million market cap, Manulife REIT (MUST) was the first US office REIT to be listed in Singapore, during 2016. MUST owns freehold, class-A office assets across prime areas of US cities, including Washington DC, Los Angeles...