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The latest update is out from Manulife US REIT ( (SG:BTOU) ).
Manulife US REIT has released its financial statements for the year ending December 31, 2024, which received an unqualified opinion with an emphasis on material uncertainty regarding its going concern status. This uncertainty stems from the requirement to sell certain properties to meet a net proceeds target of US$328.7 million by June 30, 2025, as part of a master restructuring agreement. The company has achieved 45% of this target and is actively pursuing sales, with potential buyers conducting due diligence. If necessary, the company can seek an extension of the deadline with lender approval.
More about Manulife US REIT
Manulife US Real Estate Investment Trust is a real estate investment trust established under the laws of Singapore, focusing on managing and investing in a diversified portfolio of income-producing office real estate properties in key markets in the United States.
YTD Price Performance: -36.67%
Average Trading Volume: 5,037,028
Technical Sentiment Signal: Strong Buy
Current Market Cap: $101.3M
For detailed information about BTOU stock, go to TipRanks’ Stock Analysis page.