Annual General Meeting

29 April 2022

Important notice

This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Manulife US REIT in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The value of units in Manulife US REIT ("Units") and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by the Manager, DBS Trustee Limited (as trustee of Manulife US REIT) or any of their respective affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. The past performance of Manulife US REIT is not necessarily indicative of the future performance of Manulife US REIT.

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. These forward-looking statements speak only as at the date of this presentation. No assurance can be given that future events will occur, that projections will be achieved, or that assumptions are correct. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses, governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events.

Holders of Units ("Unitholders") have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

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Annual General Meeting 2022

Content

  • 01 Key highlights

  • 02 FY 2021 financial and portfolio updates

  • 03 ESG highlights

  • 04 Looking forward

  • 05 Appendix

FY 2021 - Stabilisation and recovery to carry MUST forward

Organic Growth

  • • High occupancy of 92.3% vs U.S. Class A average of ~83.2%1

  • • Executed 654,000 sq ft leases: 12.0% of portfolio by NLA

Capital Management

  • • Lower interest cost 2.82%, -11.3%2 YoY

  • • Increased green financing to 45.1%3

  • (1) JLL Q4 2021 US Office Outlook

  • (2) Weighted avg. interest rate as at 31 Dec 2021 versus 31 Dec 2020: 3.18%

  • (3) As at Jan 2022

Growing Responsibly

  • • GRESB 5 Star

  • • MSCI ESG Rating 'AA'

Inorganic Growth

  • • Acquired 3 properties in high-growth markets US$201.6 m

  • • Increased AUM to US$2.2 b

Annual General Meeting 2022

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Manulife US Real Estate Investment Trust published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 05:21:02 UTC.