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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