NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 21 FINANCIAL RISK MANAGEMENT (CONT’D) Liquidity risk (cont’d) The following are the contractual maturities of financial liabilities, including estimated interest payments: Cash flows Carrying amount Contractual cash flows Within 1 year Within 2 to 5 years More than 5 years US$’000 US$’000 US$’000 US$’000 US$’000 Group 2025 Non-derivative financial liabilities Trade and other payables and security deposits^ 34,493 34,493 32,236 1,486 771 Preferred units 659 920 − − 920 Loans and borrowings 564,686 668,612 66,352 602,260 − 599,838 704,025 98,588 603,746 1,691 2024 Non-derivative financial liabilities Trade and other payables and security deposits^ 36,071 36,071 32,809 1,646 1,616 Preferred units 822 1,150 − − 1,150 Loans and borrowings 745,952 901,278 36,423 864,855 − 782,845 938,499 69,232 866,501 2,766 Trust 2025 Non-derivative financial liabilities Trade and other payables 12,054 12,054 12,054 − − Loans and borrowings 564,686 668,612 66,352 602,260 − 576,740 680,666 78,406 602,260 − 2024 Non-derivative financial liabilities Trade and other payables 12,378 12,378 12,378 − − Loans and borrowings 745,952 901,278 36,423 864,855 − 758,330 913,656 48,801 864,855 − ^ Excluding deferred revenue The maturity analyses show the contractual undiscounted cash flows of the Group’s financial liabilities on the basis of their earliest possible contractual maturity. The cash inflows/outflows relate to these instruments held for risk management purposes and which are usually not closed out prior to contractual maturity. The disclosure shows net cash flow amounts for derivatives that have simultaneous gross cash settlement e.g. interest rate swaps. Net settled derivative instruments are included in the maturity analyses as they are held to hedge the cash flow variability of the Group’s floating rate interest-bearing loans. The interest payments on floating rate loans and borrowings in the table above reflect market forward interest rates at the period end and these amounts may change as market interest rates changes. / 141 / MANULIFE US REIT
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