High interest rates hamper progress of Manulife US REIT’s recapitalisation plans

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