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The latest announcement is out from Manulife US REIT ( (SG:BTOU) ).
Manulife US Real Estate Investment Trust (MUST) has secured a two-year lease renewal with its fifth largest tenant, the US Treasury, for approximately 120,000 square feet of space at its Washington, D.C. office property, Penn. This renewal, which maintains existing rent rates, extends the property’s weighted average lease expiry and provides greater cash flow certainty for MUST amid challenges in the Washington, D.C. office market. The decision aligns with the federal government’s push for employees to return to the office, potentially boosting demand in the city.
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 (MUST) is a real estate investment trust focused on investing in a diversified portfolio of income-producing office real estate in key markets in the United States. The company aims to provide investors with stable and growing distributions and potential capital appreciation.
Average Trading Volume: 5,122,181
Technical Sentiment Signal: Sell
Current Market Cap: $133.2M
See more data about BTOU stock on TipRanks’ Stock Analysis page.