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Manulife US REITMNULF 29 Equity-to-Asset is 0.38 as of Jun. 2026, which is 30% below its 10-year median of 0.54. GuruFocus rates MNULF with a GF Score™ of 29/100 and a GF Value™ of $0.14. The stock has 7 warning signs investors should review. Among 927 REITs companies, Manulife US REIT ranks worse than 84.03% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Manulife US REIT's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $345.1 Mil. Manulife US REIT's Total Assets for the quarter that ended in Jun. 2026 was $898.8 Mil.
Therefore, Manulife US REIT's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.38.
The historical rank and industry rank for Manulife US REIT's Equity-to-Asset or its related term are showing as below:
MNULF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 0.63
Current: 0.38
During the past 13 years, the highest Equity to Asset Ratio of Manulife US REIT was 0.63. The lowest was 0.35. And the median was 0.54.
MNULF's Equity-to-Asset is ranked worse than 84.03% of 927
companies
in the REITs industry
Industry Median: 0.59
vs MNULF: 0.38
Manulife US REIT (OTCPK:MNULF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Manulife US REIT Equity-to-Asset Related Terms
Manulife US REIT Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Manulife US REIT's Equity-to-Asset 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.
MNULF vs BXP, ARE, VNO: Equity-to-Asset Comparison
For the REIT - Office subindustry, Manulife US REIT's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Manulife US REIT's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Manulife US REIT's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Manulife US REIT's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (MNULF) has a Equity-to-Asset of 0.38 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Manulife US REIT and its competitors. This is 30% below median its historical median of 0.54. Over the past decade, Manulife US REIT's Equity-to-Asset has ranged from 0.35 to 0.63. According to the industry distribution chart, Manulife US REIT ranks #779 out of 927 companies in the REITs industry, placing it in the top 84%.
Is Manulife US REIT's Equity-to-Asset too high?
Manulife US REIT's current Equity-to-Asset of 0.38 is 30% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.63. The REITs industry median Equity-to-Asset is 0.59. Manulife US REIT's value of 0.38 is 35.6% below this industry median. Based on the distribution chart, Manulife US REIT ranks #779 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Equity-to-Asset compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #779 out of 927 companies for Equity-to-Asset. This places Manulife US REIT in the lower half of its industry. The industry median Equity-to-Asset is 0.59. Manulife US REIT's value of 0.38 is 35.6% below this benchmark. Historically, Manulife US REIT's own Equity-to-Asset has ranged from 0.35 to 0.63 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.59, 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.59, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife US REIT's current Equity-to-Asset of 0.38 is 35.6% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Manulife US REIT and its competitors. For the REITs industry, the median Equity-to-Asset is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current Equity-to-Asset is 0.38, which is 30% below median its own 10-year median of 0.54. 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 Equity-to-Asset of 0.38. The stock's GF Value™ is $0.14, compared to a current price of $0.13 — trading 9% below its estimated fair value. The current Equity-to-Asset is 0.38, which is 30% below median its 10-year median of 0.54 and 35.6% below the REITs industry median of 0.59. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Manulife US REIT (MNULF), the current Equity-to-Asset is 0.38 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 9% below its estimated GF Value™ of $0.14.
Key valuation signals for MNULF:
Equity-to-Asset: 0.38 (30% below median its 10-year median of 0.54)
GF Value™: $0.14 vs. price of $0.13 (9% below fair value)
Industry Position: 35.6% below the REITs median (#779 of 927)
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 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
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