Manulife US REIT is endeavouring to bring down its gearing back within limits stipulated by the Monetary Authority of Singapore (MAS) and hence, being able to resume distributions.
But a major complexity, which may not be immediately apparent to observers, is underscoring this endeavour.
In a recent call with the media and analysts, the REIT’s CEO described the complexity as akin to having “a lot of chefs in the kitchen at the moment”.
Related: Manulife US REIT provides glimpse of future plans after leverage crosses 50% mark
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