I used to hold all the US office REITs of Manulife US REIT ("MUST"), Keppel Pacific Oak REIT ("KORE") and Prime US REIT ("PRIME") listed on SGX. Post COVID, all 3 REITS imploded in varying degree due to the work from home trend. I have then sold off the weakest 2 commercial REIT of MUST and PRIME and allocated the funds to KORE which I thought held the strongest balance sheet relative to the other 2 to mitigate the risk of bankruptcy while waiting for the US office market recovery. I thought that Dividend Uncle's recent interview with the new MUST CEO and his analysis on it are quite interesting, do take a look at his post here.
1. MUST Debt Restructuring On Track
Basically, MUST selling off of properties are on track to meet the debt restructuring plan imposed by the bankers. The only tragic part is that
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