Manulife US REIT's CEO, Tripp Gantt. (Manulife US REIT)

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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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.