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14-08-2023, 11:10 PM
(This post was last modified: 14-08-2023, 11:11 PM by dreamybear.)
Manulife US Reit abandons H1 distribution; all loans reclassified as current liabilities
https://www.straitstimes.com/business/ma...ring-ratio
"SINGAPORE – Manulife US Real Estate Investment Trust (Reit) declared no distribution for the first half-year ended June 30, as the Reit has breached banks’ unencumbered gearing ratio, causing all its loans to be reclassified as current liabilities.
....
As at June 30, Manulife US Reit’s aggregate leverage ratio stood at 56.7 per cent.
Its manager said the high gearing ratio was the result of a decline in portfolio valuation, which is beyond its control...."
https://www.straitstimes.com/business/ma...ring-ratio
"SINGAPORE – Manulife US Real Estate Investment Trust (Reit) declared no distribution for the first half-year ended June 30, as the Reit has breached banks’ unencumbered gearing ratio, causing all its loans to be reclassified as current liabilities.
....
As at June 30, Manulife US Reit’s aggregate leverage ratio stood at 56.7 per cent.
Its manager said the high gearing ratio was the result of a decline in portfolio valuation, which is beyond its control...."