I. Manulife US Real Estate Investment Trust (MUST) is the first pure-play U.S. office REIT listed in Asia. It is a Singapore listed REIT established with the investment strategy principally to invest, directly or indirectly, in a portfolio of income-producing office real estate in key markets in the United States, as well as real estate-related assets. As at 31 December 2024, MUST’s portfolio comprises nine freehold office properties in Arizona, California, Georgia, New Jersey, Virginia and Washington D.C. The portfolio has an aggregate net lettable area of 4.6 million sq ft and was last independently valued at US$1.1 billion as at 31 December 2024.
II. Outline of presentation
• FY 2024 Financial Results
• Outlook and Strategy
• Q&A
Based in Singapore, Mushtaque is responsible for finance, capital management, treasury and accounting operations for MUST. He also oversees the development and implementation of strategies to enhance MUST’s operations, such as optimising assets in the portfolio and financing strategy. Previously, he was Head of Finance, Singapore and Southeast Asia at Manulife Investment Management. Before relocating to Singapore from Canada, Mushtaque served in global leadership roles within Manulife Investment Management’s Private Markets business, including as the Head of Fund & Asset Management Finance and as Head of Private Assets Financial Reporting & Advisory focusing on real estate, infrastructure, and other private asset classes. Mushtaque has over 25 years of experience in the finance and accounting professions, mainly in the investment management industry with a focus on private assets and real estate investment management. He holds a Master of Finance from the University of Toronto. He is a Certified Public Accountant from Ontario (Canada) and is also a fellow member of the Institute of Chartered Accountants of England & Wales.