Home Capital Broker's Calls

Tech, healthcare acquisitions likely as Manulife US REIT explores growth: analysts

Jovi Ho
Jovi Ho5/10/2022 11:06 AM GMT+08  • 4 min read
Tech, healthcare acquisitions likely as Manulife US REIT explores growth: analysts
Physical occupancy at MUST’s buildings averaged 32-34% for April and May, up from 25.3% in 1QFY2022. Photo: Manulife US REIT
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts remain positive on Manulife US REIT (MUST) following a dip in its portfolio occupancy in 1QFY2022, as the REIT explores inorganic growth opportunities this year.

MUST achieved a lower portfolio occupancy q-o-q at 91.6% at end-1QFY2022, compared to 92.3% at end-4QFY2021, due to lower occupancy at Figueroa, Peachtree, Exchange, Centerpointe and Capitol properties, partly offset by improved take-up at Michelson.

Physical occupancy at MUST’s buildings averaged 32-34% for April and May, up from 25.3% in 1QFY2022. Portfolio weighted average lease expiry stood at five years as at end-1QFY2022.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now