Manulife US REIT has spelled out measures that its manager and sponsor are willing to take, should its unit price falters further.

The REIT, which has seen its unit price fall by close to 50% since early-March 2020, has largely blamed margin calls by private banks, and mass selling by funds for the recent rout.

Manulife US REIT holds a portfolio of nine, freehold Trophy Class and Grade A Office properties in California, Atlanta, New Jersey, Washington DC, and Virginia.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.