Manulife US REIT (MUST), on Nov 5, reported a portfolio occupancy of 94.3% and a weighted average lease expiry (WALE) of 5.5 years for the 3QFY2020 ended September.

The lower portfolio occupancy from 96.2% previously was mainly attributable to expiries that are not related to Covid-19 and a slow down in new leasing nationwide.

The REIT’s “resilient” WALE was also due minimal lease expiries in 2020 and 2021.

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