XSES
BTOU
Market cap110mUSD
May 22, Last price
0.06USD
1D
0.00%
1Q
-32.61%
Jan 2017
-91.76%
IPO
-91.40%
Name
Manulife US Real Estate Investment Trust
Chart & Performance
Profile
Manulife US Real Estate Investment Trust (Manulife US REIT) is the first pure-play U.S. office REIT listed in Asia. It is a Singapore listed REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States (U.S.), as well as real estate-related assets. Manulife US REIT's portfolio comprises nine prime, freehold and Trophy or Class A quality office properties strategically located in California, Atlanta, New Jersey and Washington D.C. Metro Area. The current portfolio valued at US$2.1 billion, has an aggregate Net Lettable Area of 4.7 million sq ft and an occupancy rate of 95.8% as at 31 December 2019.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 167,582 -19.44% | 208,025 2.70% | 202,559 9.43% | |||||||
Cost of revenue | 94,731 | 102,280 | 99,233 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 72,851 | 105,745 | 103,326 | |||||||
NOPBT Margin | 43.47% | 50.83% | 51.01% | |||||||
Operating Taxes | (99) | (17,026) | (18,116) | |||||||
Tax Rate | ||||||||||
NOPAT | 72,950 | 122,771 | 121,442 | |||||||
Net income | (178,003) -53.15% | (379,963) 192.91% | (129,721) -429.13% | |||||||
Dividends | (38,019) | (88,618) | ||||||||
Dividend yield | 26.75% | 16.72% | ||||||||
Proceeds from repurchase of equity | (115) | 3,629 | ||||||||
BB yield | 0.07% | -2.55% | ||||||||
Debt | ||||||||||
Debt current | 35,169 | 144,635 | ||||||||
Long-term debt | 745,952 | 871,347 | 884,350 | |||||||
Deferred revenue | 4,728 | 2,369 | ||||||||
Other long-term liabilities | 8,033 | 3,950 | 5,340 | |||||||
Net debt | 680,709 | 746,105 | 868,467 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 48,504 | 76,821 | 91,988 | |||||||
CAPEX | (40,636) | (25,414) | ||||||||
Cash from investing activities | 70,442 | 86,583 | (25,368) | |||||||
Cash from financing activities | (176,069) | (171,573) | (32,369) | |||||||
FCF | 1,470,832 | 657,971 | 291,824 | |||||||
Balance | ||||||||||
Cash | 65,243 | 129,729 | 112,863 | |||||||
Long term investments | 30,682 | 47,655 | ||||||||
Excess cash | 56,864 | 150,010 | 150,390 | |||||||
Stockholders' equity | 430,632 | 608,635 | 1,936,252 | |||||||
Invested Capital | 1,127,753 | 1,388,530 | 1,904,490 | |||||||
ROIC | 5.80% | 7.46% | 6.07% | |||||||
ROCE | 6.15% | 6.87% | 4.98% | |||||||
EV | ||||||||||
Common stock shares outstanding | 1,776,726 | 1,776,726 | 1,767,087 | |||||||
Price | 0.09 11.25% | 0.08 -73.33% | 0.30 -55.22% | |||||||
Market cap | 158,129 11.25% | 142,138 -73.19% | 530,126 -50.64% | |||||||
EV | 838,838 | 888,243 | 2,314,529 | |||||||
EBITDA | 81,836 | 114,091 | 107,676 | |||||||
EV/EBITDA | 10.25 | 7.79 | 21.50 | |||||||
Interest | 39,643 | 43,277 | 31,728 | |||||||
Interest/NOPBT | 54.42% | 40.93% | 30.71% |