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Manulife US REIT Falls 28% on Drop in Valuation, Covenant Breach

Por: MarketWatch Business July 19, 2023

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Manulife US said Tuesday that it expects to post a loss in the first half, news that came after the value of its properties was assessed to have fallen 15% from the end of 2022. It attributed the decline to higher discount and terminal capitalization rates for some properties posed by the volatile macroeconomic environment, as well as weak occupancy levels across the U.S. office market amid a slowdown in demand and leasing activity. U.S. office... + full article



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