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BTOU.SI
SELLREMOVEManulife US Real Estate Investment Trust · Real Estate · Singapore · $96M · Avg Vol: $52K/d
Manulife US REIT is a highly leveraged real estate trust holding US office properties. It faces severe structural headwinds from remote work and high refinancing costs, making it a value trap.
COMPANY DESCRIPTION
Manulife US Real Estate Investment Trust (Manulife US REIT) invests in a portfolio of prime, Class A office properties located in key metropolitan markets across the United States. Sponsored by Manulife, the REIT provides Asian investors with direct exposure to high-quality US commercial real estate. Its competitive position is supported by a diversified tenant base of multinational corporations and long-term, inflation-indexed leases.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 202.6M | 208.0M | 167.6M | 113.9M | -17.5% |
| EPS | 0.02 | -0.07 | -0.21 | -0.10 | — | — |
| Shares | — | 1.8B | 1.8B | 1.8B | 1.8B | +0.0% |
| Debt | — | 1.0B | 920.3M | 746.0M | 564.7M | -18.1% |
| Equity | — | 1.0B | 608.6M | 430.6M | 343.0M | -30.5% |
| Op CF | — | 92.0M | 76.8M | 48.5M | 30.6M | -30.7% |
| Inv CF | — | -25.4M | 86.6M | 70.4M | 138.8M | — |
| Fin CF | — | -32.4M | -171.6M | -176.1M | -180.3M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of BTOU.SI are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BTOU.SI | Manulife US Real Estate Investment Trust(you) | $96M | 21 | SELL |
| CMOU.SI | KORE US REIT | $187M | 21 | SELL |
| UD1U.SI | IREIT Global | $224M | 19 | STRONG SELL |
| OXMU.SI | Prime US REIT | $231M | 38 | HOLD |
| TS0U.SI | OUE Real Estate Investment Trust | $1.5B | 39 | HOLD |
| MXNU.SI | Elite UK REIT | $272M | 78 | BUY |
| N2IU.SI | Mapletree Pan Asia Commercial Trust | $5.1B | 38 | HOLD |
| K71U.SI | Keppel REIT | $3.3B | 48 | HOLD |
| AJBU.SI | Keppel DC REIT | $4.2B | 49 | HOLD |
| 5AE.SI | Pollux Properties Ltd. | $64M | 26 | SELL |
Peer medians: ROE 4.1% · P/E 16.7x · Gross margin 62.5%