It’s no secret Manulife US REIT is in some sort of danger. 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 130 followers. Two weeks ago, it announced its gearing ratio would hit 49%, which is alarmingly close to MAS gearing limit. Now, a high gearing ratio helps boost a REIT’s financial leverage – and also boost its returns. But I find this also raises the risk of distress if gearing ratio gets too high. The thing is, what caused this surprising spike in Manulife US REIT’s gearing, is its entire property portfolio value has fallen by 10.9% to US$1.9 billion. Note: Gearing ratio = total debt dividend by total assets. I mean, I don’t own shares of Manulife US REIT, but it’s pretty scary to see such numbers. Why has...