Manulife US REIT - Annual Report 2020

Well-Diversified Tenant Mix The portfolio continues to enjoy a well-diversified tenant roster with some 16 trade sectors represented. The top three largest trades – Legal, Finance and Insurance and Retail Trade – make up approximately 53.3% of the portfolio’s GRI as at end December 2020. Trade Sectors of New Leases signed in 2020 Of the new leases signed during 2020, 10 different trade sectors were represented, including the portfolio’s two largest sectors, Legal and Finance and Insurance. The new leases, renewals, and tenant expansions executed in FY2020 had a WALE by NLA of 6.4 years and accounted for 6.3% of GRI. 34.0 Legal 20.1 Finance and Insurance 13.1 Information 11.7 Other 21.2 Real Estate Trade Sector by GRI (%) 2020 Leasing Trade Sector by GRI (%) Plaza, Secaucus The Manager executed a 12-year lease with a new tenant, Hartz Mountain, for ~53,000 sq ft, or 11.3% of the property NLA, in the first half of 2020. • Improved the property’s WALE from 6.9 to 7.4 years • Lease commenced in August 2020, with no downtime as the previous lease expired in July 2020 • Agreement with tenant included an as- is delivery of space with no speculative capital investment needed 1 Others comprise of Accomodation and Food Services, Manufacturing, Wholesale Trade and Education. Note: Amounts may not sum to 100.0% due to rounding. Trade Sectors % Legal 21.4 Finance & Insurance 18.1 Retail Trade 13.8 Real Estate 7.4 Information 7.1 Public Administration 5.4 Consulting 4.4 Grant Giving 3.3 Arts, Entertainment, & Recreation 2.9 Accounting 2.8 Healthcare 2.6 Advertising 2.3 Transport & Warehousing 1.8 Architectual & Engineering 1.8 Administrative & Support Services 1.5 Others 1 3.4 24 MANULIFE US REIT OPERATIONAL REVIEW