Tripp Gantt, CEO of Manulife US REIT. (Photo: Manulife US REIT)

Amid persistent headwinds in the US office market, Manulife US REIT (MUST) has begun an introspection process as part of efforts to rejuvenate its business operations.

And the introspection process, which includes the forming a working committee consisting of representatives from the REIT’s board and sponsor, will ask serious questions over its future direction.

The matter was disclosed by CEO of the REIT’s manager, Tripp Gantt, in a recent call to discuss its business operations for 3Q 2022.

MUST is a US-focused office REIT with a portfolio of 12 assets across the country.

The REIT reported on 2 November that it has achieved a positive rental reversion of 4.3% for leases secured or renewed during its 3Q 2022.

Related: Manulife US REIT assets are well-positioned for hotelisation trend, says CEO

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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.