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manulife reit after share placement stayed put at usd 0.645
Dear Investor
Wishing you and your loved ones happy Chinese New Year, and a prosperous and roaring year ahead!
Manulife US REIT (MUST) yesterday reported its FY 2021 financial results. In 2H 2021, MUST&rsquo s DPU added 1.5% YoY to 2.63 US cents, due to lower provision for expected credit losses and higher car park income, offset by lower rental income from higher vacancies. For FY 2021, DPU declined 5.5% YoY to 5.33 US cents due to higher rental abatements, lower car park income and lower rental income from higher vacancies, partially offset by net reversal of provision for expected credit losses. As announced on 30 November 2021, as a result of MUST&rsquo s private placement to raise proceeds for the acquisition of three properties, the advanced distribution of 2.31 US cents for the period from 1 July to 8 December 2021 will be paid on 17 February 2022, with the remaining 0.32 US cent to be paid on 30 March 2022.
 
In our CEO Jill Smith&rsquo s words: &ldquo 2021 was a tale of two halves.&rdquo MUST saw a stronger portfolio performance in the second half. We signed leases with longer WALE, saw net effective rents improve +3.4% from 1H 2021 to 2H 2021, and portfolio valuation turned positive for the first time since the start of COVID-19, rising 0.4% over the six months to US$1.98 billion as at 31 December 2021. As at the end of 2021, the REIT recorded a stable occupancy of 92.3%. It executed ~654,000 sq ft in leases or 12.0% of the portfolio by NLA.
 
We ended 2021 on a high, with the delivery of our strategy to enter into high-growth markets with greater exposure to technology and healthcare tenants. These were our first acquisitions in two years. These three acquisitions, totalling US$202 million, with a DPU accretion of +2.8%, will raise our assets under management in growth markets by 38.1% to 29.0%, and our exposure to such tenants by 32.0% to 12.8%.
 
Some of you have asked us why retail investors were not able to participate in the equity fundraising. Our Chief Investor Relations & Capital Markets Officer Caroline Fong explained in a recent REITsWeek interview that the type of equity fundraising selected depends on the size of the deal, timing of the transaction, market conditions, investors&rsquo interest, and deal accretion to DPU. Based on the size and timing of the latest acquisition, which is bundled from three different third-party vendors, the private placement route was chosen to enable a swift completion, as any of the vendors could have walked away from the deal should they receive a more compelling offer. We want to thank all Unitholders who supported our US$100 million equity fundraising which was more than 2.5X covered, despite being completed in the midst of the Omicron outbreak. As we continue to grow, we will provide opportunities for Unitholders to grow with us, just as we have in the past.
 
Going forward, the U.S. office sector will remain a core part of MUST&rsquo s portfolio. In 2022, we will focus on improving leasing to drive income, while futureproofing the business through portfolio rejuvenation and improving MUST&rsquo s green credentials to capture rising demand for green office space. With the support of our Sponsor, we will continue to expand our exposure to growth markets and tenants in the Sun Belt/magnet cities, explore JVs/M& A and capital recycling, so as to deliver sustainable returns to Unitholders.
 
Details of FY 2021 Financial Results:
https://bit.ly/FY2021Announcement

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https://lasvegassun.com/news/2005/apr/13/genting-in-joint-bid-for-singapore-projects/

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chartistkao1      ( Date: 09-Feb-2022 15:49) Posted: disrupt the global supply chain,trade embargo,sanction and physical threats https://www.163.com/dy/article/GRMMGJQ50552BXKR.html chartistkao1      ( Date: 09-Feb-2022 15:28) Posted: in modern day context it will be in economic,trade,technology ,influence ,medicine ,stock market and any area of influences How did China defeat US in Korean War? His troops were hit by surprise and decimated when Chinese Communists troops began attacking his forces. On October 25, the PRC made an attack on ROK soldiers and routed them at Pukchin. On November 1, the Chinese defeated American troops at Unsan, in the first Chinese-American combat of the war.

 

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https://www.163.com/dy/article/GRMMGJQ50552BXKR.html

chartistkao1      ( Date: 09-Feb-2022 15:28) Posted: in modern day context it will be in economic,trade,technology ,influence ,medicine ,stock market and any area of influences How did China defeat US in Korean War? His troops were hit by surprise and decimated when Chinese Communists troops began attacking his forces. On October 25, the PRC made an attack on ROK soldiers and routed them at Pukchin. On November 1, the Chinese defeated American troops at Unsan, in the first Chinese-American combat of the war. chartistkao1      ( Date: 09-Feb-2022 15:22) Posted: in any situation when a powerful side force on you naturally you succum

 

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chartistkao1      ( Date: 09-Feb-2022 15:22) Posted: in any situation when a powerful side force on you naturally you succumb chartistkao1      ( Date: 09-Feb-2022 15:20) Posted: can one do not take side when the bro force you The war reached international proportions in June 1950 when North Korea, supplied and advised by the Soviet Union, invaded the South. The United Nations, with the United States as the principal participant, joined the war on the side of the South Koreans, and the People' s Republic of China came to North Korea' s aid.

 

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chartistkao1      ( Date: 09-Feb-2022 15:20) Posted: can one do not take side when the bro force you The war reached international proportions in June 1950 when North Korea, supplied and advised by the Soviet Union, invaded the South. The United Nations, with the United States as the principal participant, joined the war on the side of the South Koreans, and the People' s Republic of China came to North Korea' s aid.   chartistkao1      ( Date: 09-Feb-2022 15:18) Posted: the plot by the big bro https://www.cnbc.com/2021/07/08/the-stock-market-is-down-should-you-sell-.htm

 

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the plot by the big bro
https://www.cnbc.com/2021/07/08/the-stock-market-is-down-should-you-sell-.html

chartistkao1      ( Date: 09-Feb-2022 15:09) Posted: how neutral can you be when you have https://www.investopedia.com/terms/s/sell-off.asp chartistkao1      ( Date: 09-Feb-2022 15:02) Posted: digitalisation of currency is the weapon to the the problemss from https://money.udn.com/money/story/10511/566290

 

how neutral can you be when you have
https://www.investopedia.com/terms/s/sell-off.asp

chartistkao1      ( Date: 09-Feb-2022 15:02) Posted: digitalisation of currency is the weapon to the the problemss from https://money.udn.com/money/story/10511/5662901 chartistkao1      ( Date: 09-Feb-2022 14:49) Posted: US' s soldiers are the global hedge funds in this war https://m.gelonghui.com/p/29525

 

digitalisation of currency is the weapon to the the problemss from
https://money.udn.com/money/story/10511/5662901

chartistkao1      ( Date: 09-Feb-2022 14:49) Posted: US' s soldiers are the global hedge funds in this war https://m.gelonghui.com/p/295252 chartistkao1      ( Date: 09-Feb-2022 14:15) Posted: from hk currency war in 2015 to us china trade war, and 2020' s covid war and covid vaccine war and now it is with sign of US' s rising rates http://finance.sina.com.cn/zl/china/2021-04-23/zl-ikmyaawc1295867.shtml   what sides do we take?