MNULF (Manulife US REIT) Current Ratio: 0.45 (As of Jun. 2026) — 34% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MNULF Manulife US REIT MNULF
29 GF Score
Price $0.13
GF Value $0.13
! 7 Warning Signs
View Full Analysis

What is Manulife US REIT Current Ratio?

Manulife US REIT MNULF 29 Current Ratio is 0.45 as of Jun. 2026, which is 34% below its 10-year median of 0.68. GuruFocus rates MNULF with a GF Score™ of 29/100 and a GF Value™ of $0.13. The stock has 7 warning signs investors should review. Among 738 REITs companies, Manulife US REIT ranks worse than 72.9% on this metric.

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Manulife US REIT's current ratio for the quarter that ended in Jun. 2026 was 0.45.

Manulife US REIT has a current ratio of 0.45. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Manulife US REIT has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Manulife US REIT's Current Ratio or its related term are showing as below:

MNULF' s Current Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.68   Max: 4.13
Current: 0.45

During the past 13 years, Manulife US REIT's highest Current Ratio was 4.13. The lowest was 0.18. And the median was 0.68.

MNULF's Current Ratio is ranked worse than
72.9% of 738 companies
in the REITs industry
Industry Median: 0.98 vs MNULF: 0.45

Manulife US REIT  (OTCPK:MNULF) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Manulife US REIT Current Ratio Related Terms


Manulife US REIT Current Ratio Historical Data

* Premium members only.

The historical data trend for Manulife US REIT's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manulife US REIT Current Ratio Chart

Manulife US REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.66 1.48 2.98 1.89

Manulife US REIT Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 2.98 1.95 1.89 0.45

MNULF vs BXP, ARE, VNO: Current Ratio Comparison

For the REIT - Office subindustry, Manulife US REIT's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Manulife US REIT Current Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Manulife US REIT's Current Ratio distribution charts can be found below:

* The bar in red indicates where Manulife US REIT's Current Ratio falls into.


MNULF
29GF Score
Manulife US REIT MNULF
Current Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manulife US REIT Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Manulife US REIT's Current Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Current Ratio (A: Dec. 2025 )=Total Current Assets (A: Dec. 2025 )/Total Current Liabilities (A: Dec. 2025 )
=140.717/74.29
=1.89

Manulife US REIT's Current Ratio for the quarter that ended in Jun. 2026 is calculated as

Current Ratio (Q: Jun. 2026 )=Total Current Assets (Q: Jun. 2026 )/Total Current Liabilities (Q: Jun. 2026 )
=81.109/180.395
=0.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 0.45 mean?
Manulife US REIT (MNULF) has a Current Ratio of 0.45 as of Jun. 2026. This is 34% below median its historical median of 0.68. Over the past decade, Manulife US REIT's Current Ratio has ranged from 0.18 to 4.13. According to the industry distribution chart, Manulife US REIT ranks #538 out of 738 companies in the REITs industry, placing it in the top 72.9%.
Is Manulife US REIT's Current Ratio too high?
Manulife US REIT's current Current Ratio of 0.45 is 34% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 4.13. The REITs industry median Current Ratio is 0.98. Manulife US REIT's value of 0.45 is 54.1% below this industry median. Based on the distribution chart, Manulife US REIT ranks #538 out of 738 companies in the REITs industry, which is below the industry midpoint. Overall, Manulife US REIT has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Manulife US REIT's Current Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #538 out of 738 companies for Current Ratio. This places Manulife US REIT in the lower half of its industry. The industry median Current Ratio is 0.98. Manulife US REIT's value of 0.45 is 54.1% below this benchmark. Historically, Manulife US REIT's own Current Ratio has ranged from 0.18 to 4.13 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.98, Manulife US REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a REITs company?
The median Current Ratio among REITs companies is 0.98, based on 738 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife US REIT's current Current Ratio of 0.45 is 54.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median Current Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current Current Ratio is 0.45, which is 34% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife US REIT stock overvalued right now?
Manulife US REIT (MNULF) has a current Current Ratio of 0.45. The stock's GF Value™ is $0.13, compared to a current price of $0.13 — trading 2% below its estimated fair value. The current Current Ratio is 0.45, which is 34% below median its 10-year median of 0.68 and 54.1% below the REITs industry median of 0.98. Manulife US REIT's overall GF Score™ is 29/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Manulife US REIT (MNULF), the current Current Ratio is 0.45 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manulife US REIT (MNULF) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife US REIT stock appears to be undervalued. The current stock price of $0.13 is trading 2% below its estimated GF Value™ of $0.13.

Key valuation signals for MNULF:

  • Current Ratio: 0.45 (34% below median its 10-year median of 0.68)
  • GF Value™: $0.13 vs. price of $0.13 (2% below fair value)
  • GF Score™: 29/100 with 7 warning signs
  • Industry Position: 54.1% below the REITs median (#538 of 738)

No single metric tells the full story. See the MNULF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manulife US REIT Business Description

Industry Real EstateREITs
Other Exchanges BTOU:Singapore
Address 8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.
29GF Score

Get the complete analysis for MNULF

Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.13
Price
$0.13
GF Value