Manulife US REIT (SGX:BTOU) FCF Margin %: 11.42% (As of Dec. 2025) — 57% Below Median


What is Manulife US REIT FCF Margin %?

Manulife US REIT SGX:BTOU -1.89% FCF Margin % is 11.42% as of Dec. 2025, which is 57% below its 10-year median of 26.46. The stock has 7 warning signs investors should review. Among 939 REITs companies, Manulife US REIT ranks worse than 74.44% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Manulife US REIT's Free Cash Flow for the six months ended in Dec. 2025 was $6.1 Mil. Manulife US REIT's Revenue for the six months ended in Dec. 2025 was $53.5 Mil. Therefore, Manulife US REIT's FCF Margin % for the quarter that ended in Dec. 2025 was 11.42%.

As of today, Manulife US REIT's current FCF Yield % is 7.54%.

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

SGX:BTOU' s FCF Margin % Range Over the Past 10 Years
Min: 4.7   Med: 26.46   Max: 37.44
Current: 6.12


During the past 13 years, the highest FCF Margin % of Manulife US REIT was 37.44%. The lowest was 4.70%. And the median was 26.46%.

SGX:BTOU's FCF Margin % is ranked worse than
74.44% of 939 companies
in the REITs industry
Industry Median: 39.9 vs SGX:BTOU: 6.12


Manulife US REIT FCF Margin % Related Terms


Manulife US REIT FCF Margin % Historical Data

* Premium members only.

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

Manulife US REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.76 32.87 15.55 4.70 6.12

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
FCF Margin % 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 5.72 18.12 -9.71 1.42 11.42

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

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

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

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



Manulife US REIT FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=6.971/113.914
=6.12 %

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

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=6.114/53.549
=11.42 %

* 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 FCF Margin % →
What does a FCF Margin % of 11.42% mean?
Manulife US REIT (SGX:BTOU) has a FCF Margin % of 11.42% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Manulife US REIT and its competitors. This is 57% below median its historical median of 26.46. Over the past decade, Manulife US REIT's FCF Margin % has ranged from 4.70 to 37.44. According to the industry distribution chart, Manulife US REIT ranks #699 out of 939 companies in the REITs industry, placing it in the top 74.4%.
Is Manulife US REIT's FCF Margin % too high?
Manulife US REIT's current FCF Margin % of 11.42% is 57% below median its 10-year median of 26.46. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 37.44. The REITs industry median FCF Margin % is 39.90. Manulife US REIT's value of 11.42% is 71.4% below this industry median. Based on the distribution chart, Manulife US REIT ranks #699 out of 939 companies in the REITs industry, which is below the industry midpoint.
How does Manulife US REIT's FCF Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #699 out of 939 companies for FCF Margin %. This places Manulife US REIT in the lower half of its industry. The industry median FCF Margin % is 39.90. Manulife US REIT's value of 11.42% is 71.4% below this benchmark. Historically, Manulife US REIT's own FCF Margin % has ranged from 4.70 to 37.44 over the past decade. While the company's 10-year median is 26.46 vs. the industry median of 39.90, 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 FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 39.90, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife US REIT's current FCF Margin % of 11.42% is 71.4% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Manulife US REIT and its competitors. For the REITs industry, the median FCF Margin % is 39.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current FCF Margin % is 11.42%, which is 57% below median its own 10-year median of 26.46. 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 FCF Margin % is 11.42%, which is 57% below median its 10-year median of 26.46 and 71.4% below the REITs industry median of 39.90. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Manulife US REIT (SGX:BTOU), the current FCF Margin % is 11.42% 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 EstateREITs
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.