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About Manulife US Real Estate Investment Trust
Its shares trade on SGX under the ticker BTOU.SI. It has been listed since 20 May 2016. In the fiscal year to 31 December 2025, it reported revenue of $113.9m and a net loss of $87.7m. At that date it held total assets of $963.2m and shareholders' equity of $349.8m.
Manulife US Real Estate Investment Trust is a real estate investment trust. The company employs 574 full-time employees The company went IPO on 2016-05-20. The Trust is focused on investing in a portfolio of office real estate in markets in the United States, as well as real estate-related assets. Its portfolio consists of approximately nine office properties with an aggregate net lettable area of approximately 4.7 millions square feet (sq ft). Its properties include Figuero, located in the South Park district of Downtown Los Angeles; Michelson, located in Irvine, Orange County, within the Greater Los Angeles market; Peachtree, located in the heart of Midtown, Atlanta; Plaza, located in Secaucus, New Jersey; Exchange, located in Jersey City, Hudson County, New Jersey; Penn, located in Washington, D.C.; Phipps, located in Buckhead, Atlanta; Centerpointe, located in Fairfax, Virginia, and Capitol, located in Sacramento, California. The Trust’s manager is Manulife US Real Estate Management Pte. Ltd.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 20 May 2016
- Employees
- 574
- Website
- manulifeusreit.sg ↗
Leadership
Pay as last reported
- Mr. Marc FelicianoNon-Executive Chairman of the Board of the Manager
- Mr. John CasasanteChief Executive Officer, Chief Investment Officer of the ManagerSGD 341,869
- Mr. Mushtaque Muhammad AliChief Financial Officer of the Manager
- Ms. Liu WylynHead of Investor Relations
- Mr. Chia Yee ChoongHead of Finance of the Manager, since 2021
- Ms. Chiu Suan ChuaCompany Secretary, Chief Corporate Officer of the Manager
- Prof. Chiew Koh CherNon-Executive Lead Independent Director of the ManagerSGD 133,731
- Ms. Veronica McCannNon-Independent Non-Executive DirectorSGD 105,269
- Dr. Kian Koon ChooNon-Executive Independent Director of the ManagerSGD 98,345
- Mrs. Koh TayNon-Executive Independent Director of the ManagerSGD 117,595
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 90
- Environment
- 99
- Social
- 98
- Governance
- 72
- Direct emissions (scope 1)
- 1,791 t
- Energy emissions (scope 2)
- 15,060 t
- Women in the workforce
- 68.75%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Manulife US Real Estate Investment Trust (MUST) has a strong portfolio of properties across key markets in the United States. This diverse portfolio includes high-quality office and industrial properties, providing a stable income stream for investors.
- MUST benefits from the financial strength and expertise of Manulife Financial Corporation, a well-established global financial institution. This backing allows for access to extensive resources, including vast networks, market intelligence, and experienced professionals.
- The trust has a track record of delivering consistent and competitive returns to its shareholders through careful selection and active management of its real estate assets. This has earned the trust a reputation for being a reliable and trustworthy investment option.
Weaknesses
- MUST is subject to economic fluctuations and market conditions, which can impact the performance and valuation of its real estate properties. Uncertainties in the real estate market, such as changes in interest rates or economic downturns, pose risks to the trust's revenue and profitability.
- The trust's geographic concentration in the United States could make it vulnerable to regional economic downturns or local market dynamics. This lack of diversification increases exposure to specific economic and geopolitical risks tied to the U.S. real estate market.
Opportunities
- There are opportunities for MUST to expand its real estate portfolio through strategic acquisitions or development projects. By capitalizing on favorable market conditions or identifying undervalued properties, the trust can enhance its asset base and potentially generate higher returns.
- The U.S. real estate market continues to show potential for growth, driven by factors such as population growth, urbanization, and technological advancements. MUST can leverage these macro trends to identify attractive investment opportunities and strengthen its market position.
Threats
- Increased competition in the real estate investment trust industry poses a threat to MUST. As more players enter the market or existing competitors expand their portfolios, it may become challenging for the trust to differentiate itself and secure desirable investment opportunities.
- Regulatory changes or government policies related to real estate, taxation, or foreign investments could have an adverse impact on MUST's operations and financial performance. Compliance with changing regulations and adapting to new requirements may pose additional costs and operational complexities.
- Economic uncertainties, such as trade tensions, geopolitical conflicts, or unexpected global events, can negatively affect the real estate market and investor sentiment. These external factors can create volatility and pose a risk to the valuation and liquidity of MUST's real estate assets.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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