Manulife US REIT - Annual Report 2020

ORGANIC GROWTH Sustainable distributions through proactive leasing while maintaining optimal occupancy levels INORGANIC GROWTH Yield-accretive acquisition of properties in key locations with strong fundamentals CAPITAL MANAGEMENT Optimise capital structure and increase financial flexibility The Manager recognises the importance of driving value creation and is committed to deliver long- term value to its Unitholders and stakeholders. Its long-term success is driven by four key pillars. GROWING RESPONSIBLY Make a difference through positive and purposeful contribution Distributable Income US$ 89.0 M Increased 6.8% YoY High Occupancy 93.4 % Above U.S. Class A average ~84.0% 3 Strong Collections 99.0 % 1 Deferment 0.6% 2 , abatement 0.5% 2 Executed Leases 5.9 % By portfolio NLA; ~279,000 sq ft Gearing 41.0 % Well below MAS 50.0% limit Long WALE 5.3 YEARS WALE of 6.4 years for 2020 leases executed Portfolio Financials 1 Data as at 12 February 2021. 2 Based on GRI for FY2020. 3 JLL Q42020 US office outlook. 12 MANULIFE US REIT CREATING VALUE