DBS estimates that along with previous divestments, MUST is on track to repay a total of US$290 million since last November, bringing its total debt repayment to around 78% of total debts due in 2026 and 82% of the target required by the REIT to achieve by this coming June.
DBS Group Research has maintained its "hold" call and 10 US cents target price for Manulife US REIT, after the sale of yet another property puts it within "touching distance" of its divestment goal, as it plods along its restructuring path.
MUST on May 11 announced the sale of its Atlanta property called Peachtree for US$133.8 million.
