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.