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Whole week dbs shorting. Bottom should be around 72/73. Rsi so low liao very oversold
LP2020 ( Date: 28-Feb-2025 15:26) Posted:
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it seems to be good support at 0.074, same for Prime at about 138/139. could be the bottom
good luck. end of feb all go down. next month most likely to rebound
piscesmonkey ( Date: 27-Feb-2025 10:03) Posted:
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Bought 76 and 78 oversold liao DBS seller
piscesmonkey ( Date: 26-Feb-2025 20:11) Posted:
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Can see that MUST only red. Other 2 still green and flat. Means 80 can buy liao 79/80 strong support. Will see soem rebound toward 90
TraderBen ( Date: 26-Feb-2025 20:06) Posted:
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The lowest is 5 cents, waiting for a lower entry .. there will the time
When US reits all fly.. p/B is less then 0.3 for all the 3 us reits
When US reits all fly.. p/B is less then 0.3 for all the 3 us reits
LP2020 ( Date: 20-Feb-2025 11:14) Posted:
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Oversold can buy at 80 and keep liao 😄
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
Revenue for the half year falls 25.5% to US$80.8 million
THE manager of Manulife US Real Estate Investment Trust (MUST) reported on Thursday (Feb 20) that the Reit&rsquo s distributable income fell 57.6 per cent to US$15.4 million from US$36.3 million in the year-earlier period, with its revenue and net property income (NPI) declining.
It reported a 57.6 per cent decline in adjusted distributable income per unit to US$0.87, from US$2.05 in the corresponding year-earlier period.
Revenue for H2 FY2024 fell 25.5 per cent to US$80.8 million from US$108.5 million the prior year, while NPI decreased 37.4 per cent to US$37.1 million from US$59.2 million previously.
Adjusted distributable income was also at US$15.4 million, which translates to US$0.87 per unit.
Full-year adjusted distributable income per unit declined 43.9 per cent to US$2.15 from US$3.83 the previous year.
No distribution was declared for the second half &ndash unchanged from the previous corresponding period &ndash as the Reit manager will be halting distributions until end-2025, following the Reit&rsquo s recapitalisation plan that unitholders approved in 2023.
For the full year, revenue was down 19.4 per cent at US$167.6 million from US$208 million NPI fell 30.3 per cent to US$79.9 million from US$114.6 million.
The manager also announced that the Reit is selling its 500 Plaza office building at a price of US$40 million to an unrelated third-party purchaser. The property is located in Secaucus, New Jersey.
&ldquo We are currently in divestment discussions on additional properties which will further contribute towards debt repayment. To achieve this, we are taking a disciplined approach to meet our obligations while carefully evaluating interest from potential buyers,&rdquo it said.
The manager said it will continue repositioning the portfolio through growth and diversification, seeking to make accretive investments that enhance distributions and grow the net asset value of the portfolio. &ldquo With these inhouse capabilities, we will be able to capitalise on value opportunities in a dislocated US real estate market.&rdquo
Are shortists stepping in for this counter playing the results? It is funny in SGX when you have great results price goes up and then down down (sell on news strategy :-) but this one seems to be hoovering around 93/94. what could be a good entry price?
Results came out. depite some not so great results (but ok considering the economic times), it sold down 093, but it looks like there is still support at 0.090/0.092? anyway, perhaps later it can test 090/089 before it would recover again?
PRESS RELEASE
Stabilisation in progress as MUST continues to focus on repaying debt
Prudent capital expenditure and strategic leasing strategy result in cash balance of
US$65 million
500 Plaza to be sold for net consideration of ~US$40 million, bringing REIT closer to
recovery and growth
MUST in ongoing divestment discussions on additional properties for further debt
repayment
Singapore, 20 February 2025 &ndash Manulife US Real Estate Investment Trust (MUST) reported a
same-store gross revenue 1 of US$150.6 million and same-store net property income (NPI)1 of
US$71.4 million for the full year ended 31 December 2024 (FY 2024), which were 15.1% and 25.9%
lower than FY 2023. This was mainly due to lower rental and recoveries income from higher
vacancies and lower lease termination income, offset by lower property operating expenses. The
NPI decline was largely driven by TCW Group&rsquo s non-renewal in Figueroa and another financial
tenant&rsquo s vacate in Exchange. The latter had paid a US$9 million termination fee in FY 2023.
In addition, MUST recorded higher finance expenses owing to a one-off fee of US$2.3 million incurred
in relation to the Master Restructuring Agreement (MRA) signed with lenders, offset by higher interest
income. This led adjusted distributable income (DI) to decline 43.7% to US$38.3 million. The DI was
adjusted to reflect the Manager&rsquo s base fee and property management fee payable in cash instead of
units for 1H 2023.
Chief Executive Officer and Chief Investment Officer of the Manager, John Casasante, said: &ldquo In a
tenant-driven market where commodity leasing is the norm, we are focused on identifying strategic
and accretive leasing deals. Through the Sponsor&rsquo s global real estate platform, our asset
management team has local market knowledge and expertise, enabling us to navigate the market
and negotiate leases with low tenant concessions and higher net effective rents. This is only possible
when we have identified our competitive leverage in a deal. We are structuring our leases creatively
to maximise liquidity and optimise our capital.
&ldquo On the disposition front, the net consideration of approximately US$40 million from the sale of 500
Plaza, following on the heels of the sale of Capitol for a net consideration of US$110 million, allow
us to pay off our US$130.7 million of loans maturing in 2025 and get an early start on paying down
debts maturing in 2026. We are currently in divestment discussions on additional properties which
will further contribute towards debt repayment. This will bring the REIT closer to our recovery and
growth phase.&rdquo
As at 31 December 2024, MUST&rsquo s unencumbered gearing ratio and aggregate leverage ratio
increased to 64.2% and 60.8% respectively from three months ago, due largely to the 9.3% decline
in its portfolio valuation. MUST&rsquo s weighted average debt maturity lengthened slightly to 2.9 years as
at 31 December 2024. The trailing 12-month interest coverage ratio (ICR) declined to 1.7 times
partially due to the one-off fee of US$2.3 million paid to lenders and does not reflect the full-year
impact of the US$130.7 million debt repayment in November 2024. To mitigate cash flow volatility
resulting from interest rate movements, the percentage of MUST&rsquo s hedged/fixed rate loans remained
high at 69.4%. MUST has a healthy cash balance of US$65.2 million.
As at 31 December 2024, MUST&rsquo s same-store occupancy dipped QoQ to 73.6%, from 75.4% as at
30 September 2024. Approximately 611,000 sq ft3 of leases were executed in FY 2024, representing
13.4% of portfolio net lettable area. Average rent reversion came in at &ndash 5.1% and &ndash 7.4% for leases
signed in 4Q 2024 and for the full year, respectively, with five out of nine office leases signed in 4Q
2024 above market rents. As at 31 December 2024, portfolio WALE remains long at 5.0 years.
PRESS RELEASE
Stabilisation in progress as MUST continues to focus on repaying debt
Prudent capital expenditure and strategic leasing strategy result in cash balance of
US$65 million
500 Plaza to be sold for net consideration of ~US$40 million, bringing REIT closer to
recovery and growth
MUST in ongoing divestment discussions on additional properties for further debt
repayment
Singapore, 20 February 2025 &ndash Manulife US Real Estate Investment Trust (MUST) reported a
same-store gross revenue 1 of US$150.6 million and same-store net property income (NPI)1 of
US$71.4 million for the full year ended 31 December 2024 (FY 2024), which were 15.1% and 25.9%
lower than FY 2023. This was mainly due to lower rental and recoveries income from higher
vacancies and lower lease termination income, offset by lower property operating expenses. The
NPI decline was largely driven by TCW Group&rsquo s non-renewal in Figueroa and another financial
tenant&rsquo s vacate in Exchange. The latter had paid a US$9 million termination fee in FY 2023.
In addition, MUST recorded higher finance expenses owing to a one-off fee of US$2.3 million incurred
in relation to the Master Restructuring Agreement (MRA) signed with lenders, offset by higher interest
income. This led adjusted distributable income (DI) to decline 43.7% to US$38.3 million. The DI was
adjusted to reflect the Manager&rsquo s base fee and property management fee payable in cash instead of
units for 1H 2023.
Chief Executive Officer and Chief Investment Officer of the Manager, John Casasante, said: &ldquo In a
tenant-driven market where commodity leasing is the norm, we are focused on identifying strategic
and accretive leasing deals. Through the Sponsor&rsquo s global real estate platform, our asset
management team has local market knowledge and expertise, enabling us to navigate the market
and negotiate leases with low tenant concessions and higher net effective rents. This is only possible
when we have identified our competitive leverage in a deal. We are structuring our leases creatively
to maximise liquidity and optimise our capital.
&ldquo On the disposition front, the net consideration of approximately US$40 million from the sale of 500
Plaza, following on the heels of the sale of Capitol for a net consideration of US$110 million, allow
us to pay off our US$130.7 million of loans maturing in 2025 and get an early start on paying down
debts maturing in 2026. We are currently in divestment discussions on additional properties which
will further contribute towards debt repayment. This will bring the REIT closer to our recovery and
growth phase.&rdquo
As at 31 December 2024, MUST&rsquo s unencumbered gearing ratio and aggregate leverage ratio
increased to 64.2% and 60.8% respectively from three months ago, due largely to the 9.3% decline
in its portfolio valuation. MUST&rsquo s weighted average debt maturity lengthened slightly to 2.9 years as
at 31 December 2024. The trailing 12-month interest coverage ratio (ICR) declined to 1.7 times
partially due to the one-off fee of US$2.3 million paid to lenders and does not reflect the full-year
impact of the US$130.7 million debt repayment in November 2024. To mitigate cash flow volatility
resulting from interest rate movements, the percentage of MUST&rsquo s hedged/fixed rate loans remained
high at 69.4%. MUST has a healthy cash balance of US$65.2 million.
As at 31 December 2024, MUST&rsquo s same-store occupancy dipped QoQ to 73.6%, from 75.4% as at
30 September 2024. Approximately 611,000 sq ft3 of leases were executed in FY 2024, representing
13.4% of portfolio net lettable area. Average rent reversion came in at &ndash 5.1% and &ndash 7.4% for leases
signed in 4Q 2024 and for the full year, respectively, with five out of nine office leases signed in 4Q
2024 above market rents. As at 31 December 2024, portfolio WALE remains long at 5.0 years.
Happy CNY everyone! Gong Xi Fa Cai!
LP2020 ( Date: 28-Jan-2025 12:11) Posted:
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moving above 100 again? if not this week as it is a short one, perhaps next
piscesmonkey ( Date: 22-Jan-2025 15:26) Posted:
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Strong support buying
LP2020 ( Date: 22-Jan-2025 11:52) Posted:
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good run up in the past few days. still primary resistance at $0.103&ndash $0.105 with secondary one at 0.110 / 0.112
critical support at 0.095 if shortist pressure is high. if there is enough support in the 0.099/0.100 high chance to close higher.
critical support at 0.095 if shortist pressure is high. if there is enough support in the 0.099/0.100 high chance to close higher.
piscesmonkey ( Date: 21-Jan-2025 17:47) Posted:
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Close 101. Trump want US reits to recover back before covid price huat ah
SmallSmall ( Date: 21-Jan-2025 16:49) Posted:
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Clsoing $0.10. Thank you
SmallSmall ( Date: 21-Jan-2025 16:39) Posted:
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Nice c.......$0.098
tankoksee ( Date: 21-Jan-2025 16:09) Posted:
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Go back 50cents
tankoksee ( Date: 21-Jan-2025 16:09) Posted:
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trump/musk stocks........20 cts otot?
piscesmonkey ( Date: 21-Jan-2025 15:22) Posted:
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