Linus Loo
Hi, very good afternoon, ladies and gentlemen. Welcome to Manulife US REIT’s webinar. So we’ll be having John, the CEO, do the presentation for us. And later, if there are any questions and answers, we will have it in the chat box where you can type your questions in and we would then read it out accordingly. Thank you. May I hand it over to management to start the presentation. Thank you.
John Casasante
CEO & Chief Information Officer of Manulife US Real Estate Management Pte. Ltd
Good afternoon, and welcome, everyone, to our investor briefing. I’ll start off by giving some highlights from our fiscal year 2025 financial results before sharing some updates on our MRA progress as well as our outlook and strategy.
Operationally, our occupancy has held relatively steady at 67.7% with a portfolio WALE of 4.5 years. We executed about 407,000 square feet of accretive leases in 2025, which is about 11.5% of our portfolio NLA. Our portfolio valuations dipped slightly at negative 1.6% to USD 913.8 million, while aggregate leverage increased to 58.4%. As of December 31, 2025, our weighted average interest rate was 4.58%, slightly improved from 4.69% in third quarter of 2025.
In December 2025, unitholders approved our Growth and Value Up Plan, and our lenders also approved the master restructuring agreement concessions, paving the way from us to exit the MRA and diversifying the portfolio and improving long-term value
