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An update from Manulife US REIT ( (SG:BTOU) ) is now available.
Manulife US REIT has executed documentation to implement previously announced concessions under its Master Restructuring Agreement, securing key covenant relief and deadline extensions from its lenders. The concessions extend the deadline for required asset disposals from 31 December 2025 to 30 June 2026 and prolong the temporary relaxation of financial covenants, including allowing higher unencumbered gearing up to 80% until 30 June 2026 and a lower minimum Bank interest coverage ratio of 1.5 times through 31 December 2026. In exchange, the REIT must continue to maintain interest reserve accounts and keep half-yearly distributions to unitholders suspended until both the reinstatement conditions are met and the relaxed Bank ICR period ends, a trade-off that preserves covenant compliance and financial stability but prolongs distribution suspension for investors.
The most recent analyst rating on (SG:BTOU) stock is a Hold with a $0.07 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 real estate investment trust focused on investing in income-producing office and commercial real estate assets in the United States, providing unitholders with exposure to U.S. property markets through a vehicle managed by Manulife US Real Estate Management Pte. Ltd.
Average Trading Volume: 2,781,367
Technical Sentiment Signal: Strong Sell
Current Market Cap: $126.1M
Learn more about BTOU stock on TipRanks’ Stock Analysis page.