Manulife US REIT reported a challenging first quarter of 2025, with occupancy rates dropping to 69.9% from 73.9% in the previous quarter.
This was primarily due to lease expirations at its Diablo property, said the REIT.
Manulife US REIT, which specialises in US commercial properties, shared these figures as part of its 1Q 2025 performance highlights released on 15 May.
Related: Manulife US REIT to sell Atlanta asset for USD133.8 million to tackle debt obligations
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