Manulife US REIT - Annual Report 2024

Front Cover page 1
Contents 2
FY2024 Financial and Portfolio Highlights 10
Chairman's Message 12
In Conversation with Management 13
Key Events 16
Board of Directors 18
Organisation Chart/Trust and Tax Structure 21
Management Team 22
Financial Review 24
Operational Review 27
Portfolio Overview 30
Independent Market Report 41
Investor and Media Relations 57
Enterprise Risk Management 61
Sustainability Report 67
About this Report 68
2024 Highlights 70
Message to Stakeholders 71
Sustainability Approach 72
Building Resilience 78
People First 88
Driving Sustainable Growth 96
Corporate Policies, Procedures and Frameworks 100
2024 ESG Data Summary 102
SASB Real Estate Sector Disclosure 110
TCFD Recommendations 112
Corporate Governance 114
Financial Statements 139
Report of the Trustee 140
Statement by the Manager 141
Independent Auditor’s Report 142
Statements of Financial Position 146
Consolidated Statement of Comprehensive Income 147
Distribution Statement 148
Statements of Changes in Unitholders’ Funds 149
Consolidated Statement of Cash Flows 151
Statement of Portfolio 152
Notes to the Financial Statements 153
Interested Person Transactions 194
Statistics of Unitholdings 195
Corporate Information 197
Back Cover 198

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