Manulife US REIT - Annual Report 2025

6 FY2025 Financial & Portfolio Highlights 8 Chairman’s Message 9 In Conversation with Management 12 Key Events 14 Board of Directors 17 Organisation Chart/Trust and Tax Structure 18 Management Team 20 Financial Review 23 Operational Review 26 Portfolio Overview 35 Independent Market Report 50 Investor and Media Relations 54 Enterprise Risk Management 60 Sustainability Overview 64 Corporate Governance 90 Interested Person Transactions 91 Statistics of Unitholdings 93 Financial Statements Contents / 1 / MANULIFE US REIT

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