Taking Stock Of Stocks

Manulife US Reit's Asian advantage

With many Asian investors understanding real estate and keen on investing in property stocks, including Reits, Manulife believed that listing a US Reit in Asia would be a marriage made in heaven, says Manulife US Reit chief executive Jill Smith. It f
With many Asian investors understanding real estate and keen on investing in property stocks, including Reits, Manulife believed that listing a US Reit in Asia would be a marriage made in heaven, says Manulife US Reit chief executive Jill Smith. It found Singapore to be the perfect listing venue, with its supportive regulatory regime and rapidly evolving Reit market.PHOTO: MANULIFE US REIT
The Phipps Tower, a 480,000 sq ft trophy office building in the heart of Buckhead, Atlanta, is one of three top-quality office properties that Manulife US Reit has acquired since listing. The other two are in Washington and New Jersey.
The Phipps Tower, a 480,000 sq ft trophy office building in the heart of Buckhead, Atlanta, is one of three top-quality office properties that Manulife US Reit has acquired since listing. The other two are in Washington and New Jersey.PHOTO: MANULIFE US REIT

The Sunday Times and the Singapore Exchange's research team interview company bosses in this series to help investors get a view of a firm's operations and strategic direction - aspects that go beyond the financials. We speak to Manulife US Reit chief executive Jill Smith, who shares her insights on the real estate investment trust and outlook on Asia.

Listed on the Singapore Exchange in May 2016, Manulife US Reit (Must) was set up with the strategy to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets.

It was the first pure-play US office Reit to be listed in Asia. Must's portfolio comprises eight prime, freehold, trophy/Class A office properties strategically located in California, Atlanta, New Jersey and Washington metropolitan area.

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A version of this article appeared in the print edition of The Sunday Times on August 18, 2019, with the headline 'Manulife US Reit's Asian advantage'. Print Edition | Subscribe