STATEMENT OF PORTFOLIO As at 31 December 2024 Description of Property Tenure of Land Occupancy Rate1 as at 31 December 2024 Occupancy Rate1 as at 31 December 2023 Fair Value as at 31 December 2024 Fair Value as at 31 December 2023 Percentage of Total Net Assets as at 31 December 2024 Percentage of Total Net Assets as at 31 December 2023 % % US$’000 US$’000 % % Group Commercial Office Properties Figueroa Freehold 46.6 81.9 117,000 139,000 27.2 22.8 Michelson Freehold 81.4 83.3 219,500 240,000 51.0 39.4 Peachtree Freehold 77.0 78.9 164,600 171,000 38.2 28.1 Exchange Freehold 73.8 86.6 211,600 234,000 49.1 38.5 Penn Freehold 90.0 90.9 79,100 108,000 18.4 17.8 Phipps Freehold 80.4 78.8 180,200 176,000 41.8 28.9 Centerpointe Freehold 68.2 86.4 75,900 75,800 17.6 12.5 Diablo Freehold 98.2 93.7 45,600 52,000 10.6 8.5 Capitol2 Freehold − 86.6 − 158,000 − 26.0 Plaza3 Freehold − 83.4 − 58,000 − 9.5 Total investment properties 1,093,500 1,411,800 253.9 232.0 Asset held for sale - Plaza3 Freehold 71.5 − 43,700 − 10.2 − Other assets and liabilities (net) (706,568) (803,165) (164.1) (132.0) Net assets 430,632 608,635 100.0 100.0 1 Based on committed leases. 2 The divestment of Capitol was completed on 28 October 2024 (U.S. time). 3 The Manager announced the divestment of Plaza on 20 February 2025 and the property has been reclassified to asset held for sale as at 31 December 2024. The accompanying notes form an integral part of the financial statements. 150 | MANULIFE US REIT
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