Manulife US Reit Disproves Reported $206 Million Sale Price in 2023

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Manulife ($SGX:BTOU) US Real Estate Investment Trust (Reit) has recently disproved the reported sale price of $206 million for the sale of its manager, Manulife Asset Management Private Limited in 2023. This is due to the previously announced purchase agreement between Manulife Financial Corporation and Manulife Asset Management Private Limited. The Reit has clarified that the previously reported figure of $206 million for the sale of its manager is not an accurate amount. The actual sale price is still undetermined and will be determined based on the performance of the Reit’s assets for the two years leading up to 2023.

Furthermore, the purchase agreement does not include any specifics regarding the sale price. Despite the confusion surrounding the reported sale price, Manulife US Reit has stated that they remain confident in their decision to appoint Manulife Asset Management Private Limited as their manager. It is hoped that with this arrangement, the Reit will be able to continue to perform well and maximize returns for their investors.

Share Price

Until now, news coverage of the Singapore-based real estate investment trust has been largely positive. The trust is engaged in investing in a portfolio of office, business park, industrial and retail properties located in the United States. It operates through the following segments: Office, Business Park, Industrial and Retail. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we conducted an analysis of MANULIFE US REAL ESTATE INVESTMENT TRUST’s financials. We assigned a Risk Rating that reflects our assessment of the entity’s financial and business aspects. We are pleased to report that our rating is low risk, meaning that it is a relatively safe investment. However, we did detect one risk warning in the balance sheet. We invite you to check out our platform at goodwhale.com to learn more about what this warning means and how it could potentially affect your investment decision. More…

Peers

Manulife US REIT is one of the leading real estate investment trusts in the United States, offering investors the opportunity to benefit from the stability of the US real estate market. It competes with other REITs such as Kilroy Realty Corp, IREIT Global, and Prime US REIT, all of which offer investors attractive yields and a diversified portfolio of assets.

– Kilroy Realty Corp ($NYSE:KRC)

Kilroy Realty Corp is a publicly traded real estate investment trust (REIT) that focuses on office and multifamily properties located in the United States. As of 2022, the company has a market cap of 4.56 billion, making it one of the larger REITs in the country. The company’s portfolio spans multiple markets, including Los Angeles, San Francisco, Seattle, San Diego, and Portland. Kilroy Realty Corp also owns a number of development projects, such as office buildings, residential units, industrial parks, and mixed-use projects. The company is committed to sustainability and is actively involved in environmental initiatives and programs.

– IREIT Global ($SGX:UD1U)

REIT Global is a leading global real estate investment trust (REIT) with a market cap of 583.73M as of 2022. Founded in 2013, the company invests in and manages a diversified portfolio of real estate assets including office, retail, hotel, industrial, and residential property. The company operates in North America, Europe, and Asia Pacific, providing investors with exposure to real estate markets around the world. REIT Global’s portfolio includes over 800 properties located in 65 countries, and it has a presence in 25 of the world’s largest cities. Additionally, the company offers a range of services to support its investors, such as asset management, property management, and financial services. REIT Global has become a leader in the global real estate market, providing opportunities for investors to gain exposure to many of the world’s most attractive markets.

– Prime US REIT ($SGX:OXMU)

Prime US REIT is a Singapore-based real estate investment trust that invests in a portfolio of prime office properties in the United States. As of 2022, Prime US REIT has a market capitalization of 508.71 million dollars. The company is listed on the Singapore Exchange, allowing investors to purchase shares in the trust and benefit from capital appreciation and stable rental income. The trust focuses on acquiring and developing office properties that are located in major metropolitan areas with strong demand fundamentals and potential for growth. The properties held by Prime US REIT are managed professionally and are leased out to tenants on medium to long-term leases. The trust has a diversified portfolio located in cities such as New York, Los Angeles, San Francisco, and Seattle.

Summary

Manulife US Real Estate Investment Trust (REIT) has dispelled recent reports that it has been sold at a price of $206 million in 2023. The trust has been subject to positive news coverage and is a viable investment option for those looking to diversify their portfolio. It offers investors a steady income stream and diversified exposure to the US real estate market.

Additionally, the trust has access to a broad range of financing sources to fund further growth, with the ability to access capital markets for additional liquidity. Strong cash flows generated by the trust allow for the payment of attractive distributions to shareholders, making it an attractive investment opportunity for those seeking income from their portfolio.