Park Place (Photo: Manulife US REIT)Park Place (Photo: Manulife US REIT)

The unit price of Manulife US REIT finished the trading day on 6 December at a whopping 22% higher from its previous close.

Trading data from the Singapore Exchange (SGX) indicate that the price anomaly occurred due to a large volume of married deals that was recorded for the day.

Manulife US REIT is an SGX-listed but US-focused office REIT that owns a portfolio of 11 assets across the country.

The REIT has recently been beleaguered by a challenging US office market environment and falling asset valuations, leading to a spike in its gearing level.

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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.