Description of Property Tenure of Land Occupancy Rate1 as at 31 December 2025 Occupancy Rate1 as at 31 December 2024 Fair Value as at 31 December 2025 Fair Value as at 31 December 2024 Percentage of Total Net Assets as at 31 December 2025 Percentage of Total Net Assets as at 31 December 2024 % % US$’000 US$’000 % % Group Commercial Office Properties Figueroa Freehold − 46.6 − 117,000 − 27.2 Michelson Freehold 81.4 81.4 230,400 219,500 67.2 51.0 Peachtree2 Freehold − 77.0 − 164,600 − 38.2 Exchange Freehold 72.5 73.8 191,400 211,600 55.8 49.1 Penn Freehold 84.9 90.0 79,800 79,100 23.3 18.4 Phipps Freehold 83.7 80.4 192,500 180,200 56.1 41.8 Centerpointe Freehold 75.1 68.2 76,700 75,900 22.3 17.6 Diablo Freehold 37.8 98.2 44,900 45,600 13.1 10.6 Total investment properties 815,700 1,093,500 237.8 253.9 Asset held for sale – Figueroa3 Freehold 45.6 − 85,703 − 25.0 − Asset held for sale – Plaza4 Freehold − 71.5 − 43,700 − 10.2 Other assets and liabilities (net) (558,424) (706,568) (162.8) (164.1) Net assets 342,979 430,632 100.0 100.0 1 Based on committed leases. 2 The divestment of Peachtree was completed on 27 May 2025 (U.S. time). 3 On 30 March 2026, the Manager announced the proposed divestment of Figueroa and the property has been reclassified to asset held for sale at the estimated net sale consideration. 4 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 divestment was completed on 25 February 2025 (U.S. time). The accompanying notes form an integral part of the financial statements. STATEMENT OF PORTFOLIO As at 31 December 2025 / 105 / MANULIFE US REIT
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