Manulife US REIT (SGX:BTOU) EBITDA Margin %: -18.56% (As of Dec. 2025)

What is Manulife US REIT EBITDA Margin %?

Manulife US REIT SGX:BTOU -1.89% EBITDA Margin % is -18.56% as of Dec. 2025. The stock has 7 warning signs investors should review. Among 746 REITs companies, Manulife US REIT ranks worse than 94.91% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Manulife US REIT's EBITDA for the six months ended in Dec. 2025 was $-9.9 Mil. Manulife US REIT's Revenue for the six months ended in Dec. 2025 was $53.5 Mil. Therefore, Manulife US REIT's EBITDA margin for the quarter that ended in Dec. 2025 was -18.56%.

Manulife US REIT (SGX:BTOU) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.

Manulife US REIT EBITDA Margin % Related Terms

Manulife US REIT EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Manulife US REIT's EBITDA Margin % 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 EBITDA Margin % Chart

Manulife US REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBITDA Margin %

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37.48

-55.17

-166.02

-77.26

-39.38

Manulife US REIT Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBITDA Margin %	Get a 7-Day Free Trial															-96.23	46.15	-209.67	-46.58	-18.56

SGX:BTOU vs BXP, ARE, VNO: EBITDA Margin % Comparison

For the REIT - Office subindustry, Manulife US REIT's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs REITs Industry

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

* The bar in red indicates where Manulife US REIT's EBITDA Margin % falls into.

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Manulife US REIT EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Manulife US REIT's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %	=	EBITDA (A: Dec. 2025 )	/	Revenue (A: Dec. 2025 )
	=	-44.855	/	113.914
	=	-39.38 %

Manulife US REIT's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %	=	EBITDA (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	-9.939	/	53.549
	=	-18.56 %

Frequently Asked Questions Learn more about EBITDA Margin % →

What does a EBITDA Margin % of -18.56% mean?

Manulife US REIT (SGX:BTOU) has a EBITDA Margin % of -18.56% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Manulife US REIT and its competitors. According to the industry distribution chart, Manulife US REIT ranks #708 out of 746 companies in the REITs industry, placing it in the top 94.9%.

Is Manulife US REIT's EBITDA Margin % too high?

Manulife US REIT's current EBITDA Margin % is -18.56%. Based on the distribution chart, Manulife US REIT ranks #708 out of 746 companies in the REITs industry, which is in the bottom quartile relative to peers.

How does Manulife US REIT's EBITDA Margin % compare to BXP and ARE?

According to the REITs industry distribution chart, Manulife US REIT ranks #708 out of 746 companies for EBITDA Margin %. This places Manulife US REIT in the lower half of its industry. The industry median EBITDA Margin % is 69.61. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBITDA Margin % for a REITs company?

The median EBITDA Margin % among REITs companies is 69.61, based on 746 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBITDA Margin % mean?

A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Manulife US REIT and its competitors. For the REITs industry, the median EBITDA Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current EBITDA Margin % is -18.56%. 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?

Based on GuruFocus' analysis, Manulife US REIT (SGX:BTOU) is currently considered Fairly Valued. The stock's GF Value™ is $0.05, compared to a current price of $0.05 — trading 4% above its estimated fair value. The current EBITDA Margin % is -18.56%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBITDA Margin % calculated?

EBITDA Margin % is calculated from a company's financial statements. For Manulife US REIT (SGX:BTOU), the current EBITDA Margin % is -18.56% as of Dec. 2025. 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.

Manulife US REIT Business Description

Industry Real Estate REITs

Comparable Companies SGX:CMOU SGX:UD1U SGX:OXMU SGX:MXNU XMAD:MRL BXP ARE VNO TSE:8951 XPAR:GFC TSE:8952 SGX:N2IU CUZ KRC ASX:DXS SGX:AJBU BOM:542602 CDP XMAD:COL SLG

Address 8 Cross Street, No.16-03 Manulife Tower, Singapore, SGP, 048424

Website https://www.manulifeusreit.sg

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.