tiprankstipranks
Manulife US REIT Targets Growth Through Debt Reduction
Company Announcements

Manulife US REIT Targets Growth Through Debt Reduction

Manulife US REIT (SG:BTOU) has released an update.

Don't Miss our Black Friday Offers:

Manulife US REIT is making strides in debt reduction and portfolio diversification, following the sale of its Capitol property in Sacramento for $117 million, which facilitated the early repayment of $130.7 million in loans. The company is aiming to cut borrowings by an additional $200 million next year, while exploring off-market transactions and alternative structures to bolster its recovery. With a strategic focus on reshaping its portfolio and leveraging its Sponsor’s investment pipeline, Manulife US REIT is positioning itself for growth.

For further insights into SG:BTOU stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskManulife US REIT Redeems Units Post Property Sale
TipRanks Singapore Auto-Generated NewsdeskManulife US REIT Exempt from US Withholding Tax
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App