The group adds that it seeks to reinstate its initial loan facility agreements by December 2026, again, subject to negotiations with the lender, and amend its bank interest coverage ratio (ICR) in the initial loan facility agreements to align with the Monetary Authority of Singapore’s (MAS) threshold of 1.5 times.
After nearly three years since Manulife US REIT (MUST) announced it was halting distributions, unitholders are finally seeing some semblance of hope.
On May 6, the REIT announced, in its operational updates for the 1QFY2026 ended March 31, that one of its key priorities in 2026 to 2027 is to resume distributions but at a “sustainable payout ratio” after exiting its master restructuring agreement (MRA). The exit will be subject to negotiations with MUST’s lender, although the REIT also aims to exit the MRA within 2026 to 2027.
