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Manulife US REIT ( (SG:BTOU) ) has issued an announcement.
Manulife US REIT reported weaker FY 2025 financials as gross revenue and net property income fell sharply, driven by the disposal of several office assets and higher vacancies at key properties such as Diablo and Figueroa. Same-store portfolio NPI declined amid lower committed occupancy, reduced lease termination income, and incentives granted to tenants, though some of this was offset by property tax savings from successful appeals.
The trust is progressing with the US$92.5 million sale of its largely vacant Figueroa tower in downtown Los Angeles, with proceeds earmarked mainly for loan repayment to improve leverage and support future portfolio diversification. Unitholder-approved restructuring and lender concessions underpin a broader plan to exit earlier restructuring arrangements, stabilise the balance sheet and position the REIT for long-term growth, although distributions remain suspended under lender requirements.
The most recent analyst rating on (SG:BTOU) stock is a Hold with a $0.10 price target. To see the full list of analyst forecasts on Manulife US REIT stock, see the SG:BTOU Stock Forecast page.
More about Manulife US REIT
Manulife US Real Estate Investment Trust is a Singapore-listed REIT focused on income-producing office properties in the United States. Its portfolio comprises largely Class A office assets across key U.S. markets, targeting stable rental income and long-term value creation for unitholders. The trust is managed by an external manager and financed through a mix of equity and debt, with units traded on SGX.
Average Trading Volume: 1,882,790
Technical Sentiment Signal: Strong Sell
Current Market Cap: $99.49M
See more insights into BTOU stock on TipRanks’ Stock Analysis page.