During the quarter, the manager of the US office REIT executed some 81,000 sq ft of leases, or 2.3% of portfolio net lettable area (NLA). Rent reversion during the quarter was negative 11.3%.
Manulife US REIT’s (MUST) aggregate leverage has fallen to 56.2% as at Sept 30, down from 57.4% at June 30.
According to results for 3QFY2025 ended Sept 30 released on Nov 5, MUST’s occupancy similarly fell slightly to 68.2% at the end of the quarter, down from 68.4% at end-June.
