S-REITs - Week 23 - 2024

( YTD: -9.09% | 5D: +0.56%)

The REIT fully acquires student accommodation property

• Acquisition is expected to generate EBITDA yield on cost of approximately 7%
• The acquisition is funded by proceeds from CLAS’ earlier divestments.
• The 678-bed Standard at Columbia serves over 35,000 undergraduate and graduate students from the nearby largest university in the state.
• It turned operational in August 2023 with an occupancy rate of over 90%.
• After the acquisition, about 17% of CLAS’ total portfolio value is in longer-stay assets such as student accommodation and rental housing properties.

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( YTD: -11.63% | 5D: -1.72%)

Continues to do Share-Buy-Back this week

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( YTD: -22.99% | 5D: +0.75% )

COMPLETION OF DIVESTMENT OF PADI IN MALAYSIA

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Halt Trading since 31 March 2023

4 June 2024 - Announcement Of Litigation In Relation To FIPL And Mr Zhang Guobiao

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6 June 2024 -  Update From Sponsor regarding Unilogix Yangling and Yangling Lender

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( YTD: -13.75% | 5D: +1.47% )

Winding Up Of Hancock S-REIT Portland LLC

The winding-up and dissolution of the Subsidiary do not have a material impact on the consolidated net tangible assets or earnings per unit of Manulife US REIT for the financial year ending 31 December 2024.

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( YTD: -2.65% | 5D: +1.38% )

Audrey Tan resigned as the REIT CFO

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