The US Office Market Seen Through Singapore US REITs

Analysis —

The Investment Moats writes an interesting overview of the US office market seen through the latest Q1 2021 results of Manulife US REIT, Prime US REIT and Keppel Pacific OAK (which all operate on this market).

The data from the 3 REITs show that tenants are taking a wait and see attitude whether to sign on long-term leases.

Occupancy has come down. This is affecting distributable income.