Overview on MANULIFE US REIT

Current Share Price: 0.980 SGD

Company Overview: Manulife US REIT is a Singapore REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets.In accordance with the requirements of the Listing Manual, the Manager’s investment strategy for Manulife US REIT will be adhered to for at least three years following the Listing Date. The Manager’s investment strategy for Manulife US REIT may only be changed within three years from the Listing Date if an Extraordinary Resolution is passed at a meeting of Unitholders duly convened and held in accordance with the provisions of the Trust Deed.

The REIT is managed by Manulife US Real Estate Management Pte. Ltd. (the Manager) which is wholly owned by the Sponsor, The Manufacturers Life Insurance Company (Manulife), part of the Manulife Group. The Sponsor’s parent company, Manulife Financial Corporation (MFC), is a leading international financial services group providing forward-thinking solutions to help people with big financial decisions. It operates as John Hancock in the U.S., and Manulife elsewhere providing financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.

Company News

  • Manulife US REIT Completes Acquisition of 500 Plaza Drive in New Jersey, U.S. with help of yield accretive, the company is on position to aquire with the good purchase price i.e US$ 115 Million. As the company’s Price Earning Ratio is greater, thus Manulife has the option for yield accretive acquisition.

  • The financial result of the second quarter will be announced by Manulife on 8 august 2017.

Fundamental Outlook

The total revenue of the company is below 1.3% projection, due to lower recoveries income Excluding recoveries income, gross revenue was 1.0% ahead of projection due to higher rental and other income. The company’s tax expenses were US$0.3 million, which were mainly related to the deffered tax expenses arising from tax depreciation. Total assest of the company is decreased by 1.21%.

      It is expected that the investors can get profits over the stocks, of 10-12 cents in between 3-4 weeks.

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