Manulife REIT (MUST) shares tanked 43% since the start of this year, which makes this “pure-play” US office Singapore REIT really attractive. This post was originally posted here. The writer, Willie Keng is a veteran community member and blogger on InvestingNote, with a username known as @Willie and has close to 120 followers. 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. 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....