About Manulife US REIT Manulife US Real Estate Investment Trust (MUST or the REIT) is a Singapore listed REIT managed by Manulife US Real Estate Management Pte. Ltd. (the Manager). Its investment strategy is to principally invest, directly or indirectly, in income-producing real estate in the United States (U.S.) and Canada, as well as real estate-related assets. The Manager is a wholly-owned subsidiary of The Manufacturers Life Insurance Company (the Sponsor), which is part of the Manulife Group (the Group). John Hancock Life Insurance Company (U.S.) (JHUSA) is the appointed property manager1 (the Property Manager) for the properties, while Manulife Investment Management Private Market (US) LLC is the appointed asset manager (the Asset Manager) for the properties. Employee-related information provided in this report refers solely to the employees of the Manager located in Singapore and the U.S. In line with broader sustainability efforts to reduce printing, the Sustainability Report will be published as a standalone report and will be available on MUST's corporate website instead of in print (https://www. manulifeusreit.sg/sustainability-overview). Reporting Scope and Period This is the ninth annual Sustainability Report for MUST. It showcases the REIT's sustainability approach, initiatives and performance for the financial period from 1 January to 31 December 2025 (Reporting Period), providing comparative data for the same period in 2023 and 2024. As at 31 December 2025, the REIT's portfolio comprises seven2 freehold office properties that are strategically situated in prime locations in key U.S. cities. MUST adopts the Operational Control Approach, as defined by the Greenhouse Gas (GHG) Protocol Corporate Standard, to determine organisational boundaries. Reporting Standards and Guidelines This report is prepared in accordance with the revised Global Reporting Initiative (GRI) Universal Standards 2021. The GRI Standards have been selected as it is an ABOUT THIS REPORT 1 Since 2021, JHUSA has outsourced its property management services to third-party property managers. Reference to Property Managers in this report refers to the third-party property managers. 2 The divestment of Plaza and Peachtree were completed on 25 February 2025 (U.S. time) and 27 May 2025 (U.S. time) respectively, properties over which the Manager maintained operational control until the point of divestment. In alignment with MUST’s internal management procedures, ESG performance data for these two properties has been excluded for 2025. internationally recognised standard for sustainability reporting and is relevant to the REIT's operations. This report takes into account GRI G4 Construction & Real Estate Sector Supplement (CRESS) guidelines and has incorporated elements from the United Nations Sustainable Development Goals (SDGs). The Manager understands that the GRI Sector Standard for the real estate industry is under phase development and will continue to monitor until it is released for companies’ disclosure. For details on the relevant references, please refer to the GRI Content Index on the Sustainability website (https://www.manulifeusreit.sg/sustainability-overview). This report complies with the Singapore Exchange Securities Trading Limited (SGX-ST) Listing Manual Rules 711A and 711B and adheres to the Task Force for ClimateRelated Financial Disclosures (TCFD) framework. This report is recommended to be read together with the MUST Annual Report 2025 for a more comprehensive view of the Manager's sustainability efforts. In line with the Climate Reporting Timelines announced by Singapore Exchange Regulation (SGX RegCo) and Accounting and Corporate Regulatory Authority (ACRA) in August 2025, the Manager will continue to enhance its climate-related disclosures to incorporate the climate-related requirements set out in the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). Building on the commitment to enhance its disclosures, the Manager has expanded its disclosures and made meaningful progress towards alignment with the ISSB Standards. This year, the Sustainability Report features enhanced disclosures, while remaining gaps are being addressed progressively as part of the ongoing journey towards full compliance with the ISSB Standards. The report is written with reference to the Sustainability Accounting Standards Board (SASB) Standards and includes disclosures recommended in the Real Estate sector standard. The SASB Real Estate Disclosure Index can be found on pages 45 - 46 in this report. Internal Review and External Assurance The Manager maintains robust internal checks over sustainability disclosures, supported by its existing governance structure and internal controls. The Board of / 03 / MANULIFE US REIT
RkJQdWJsaXNoZXIy NTM2MDQ5