Manulife US REIT - Annual Report 2021

MANULIFE US REIT TheManager 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. Creating Value Growing Responsibly Building a sustainable business while striving for ESG excellence Inorganic Growth Yield-accretive acquisition of properties in key locations with strong fundamentals Organic Growth Sustainable distributions through proactive leasing while maintaining optimal occupancy levels Capital Management Optimise capital structure and increase financial flexibility 16 Acquisition of Three Properties in High-growth Cities In December 2021, MUST completed its acquisition of three office campuses, Diablo and Park Place in Phoenix, Arizona, and Tanasbourne in Portland, Oregon for US$201.6 million, in its bid to pivot towards growth tenants to create value for Unitholders. 1 2019 ~90.0% of portfolio is green-certified 2020 Obtained first green loan 2017 2018 2021 Our ESG Journey MUST has been making steady steps forward in its sustainability efforts to grow its portfolio value and ensure that it does not end upwith stranded assets that deplete investor returns. 1 Refer to SGX announcements dated 30 November, and 17, 18, 21 December 2021. Formed Sustainability Steering Committee (SSC) Achieved 4 Star in first GRESB Assessment Achieved 5 Star in GRESB Assessment Rolled out Sustainable Building Standards Launched ESG thought leadership initiative ‘MUST Go Green’ Announced alignment to Sponsor’s net zero and 80.0% GHG emissions reduction target by 2050 Tanasbourne Diablo Park Place