Manulife US REIT ( (SG:BTOU) ) just unveiled an update.
Manulife US REIT announced the redemption of all 115 outstanding preferred units by its indirect subsidiary, Hancock S-REIT SECA LLC, which previously held the property known as Plaza in Secaucus, New Jersey. The redemption, amounting to approximately US$0.1 million, was funded from internal resources and is not expected to significantly impact the trust’s net tangible assets or earnings per unit for the financial year ending December 31, 2025.
More about Manulife US REIT
Manulife US Real Estate Investment Trust (Manulife US REIT) is a real estate investment trust established in Singapore, focusing on investing in a diversified portfolio of income-producing office real estate in key markets in the United States. The trust is managed by Manulife US Real Estate Management Pte. Ltd.
YTD Price Performance: -23.60%
Average Trading Volume: 4,045,477
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $120.8M
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