The property is set to be sold to a municipal entity for a gross consideration of US$92.5 million, around 6% below its end-2025 valuation.
RHB Bank Singapore analyst Vijay Natarajan maintains his “neutral” call with an unchanged target price of 6 US cents (7.6 cents) on Manulife US REIT (MUST) following the REIT’s 1QFY2026 operating update.
The May 6 report by RHB comes after MUST reported stable portfolio occupancy q-o-q at 67.6% and continued progress on its proposed divestment of the Figueroa office tower in Los Angeles.
