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Manulife US REIT's 1QFY2022 occupancy above US class A average at 91.7%

Felicia Tan
Felicia Tan5/9/2022 08:41 AM GMT+08  • 1 min read
Manulife US REIT's 1QFY2022 occupancy above US class A average at 91.7%
As at March 31, the REIT’s weighted average lease expiry (WALE) stood at 5.0 years with some 68,000 sq ft in leases executed. Photo: MUST
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The manager of Manulife US REIT (MUST) has reported a portfolio occupancy of 91.7% for the 1QFY2022 ended March, higher than the US class A average occupancy of around 83%.

As at March 31, the REIT’s weighted average lease expiry (WALE) stood at 5.0 years with some 68,000 sq ft in leases executed.

Rental reversion stood at a positive 3.9% during the quarter as well.

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