Manulife US REIT's chief executive John Casasante made a candid admission during the REIT's earnings call on 19 March, acknowledging that its obligations as a listed entity could be actively working against it in asset sale negotiations.
This was highlighted as a structural tension that has seen the REIT’s latest disposal priced some 6% below independent valuation.
Manulife US REIT reported on 18 March that it has seen a sharp decline across its key financial metrics for the full year ended 31 December 2025, with gross revenue falling 32.0% year-on-year to USD113.9 million from USD167.6 million a year earlier.
Meanwhile, net property income dropped 33.4% to USD53.2 million from USD79.9 million in FY2024.
Related: Manulife US REIT’s revenue falls 32% as occupancy slips further
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