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

Persistently high interest rates in the US have thrown a spanner in Manulife US REIT’s works in carrying out its disposition and recapitalisation plans.

This was the message implied by the REIT’s manager on 12 April as it responded to questions from investors seeking answers on when these plans would be carried out.

Manulife US REIT is a US-focused but Singapore Exchange (SGX)-listed office REIT that owns a portfolio of ten assets across the country.

Related: Manulife US REIT receives nod to implement recapitalisation plan

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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.