Manulife US REIT (SGX:BTOU) OCF Margin %: 18.66% (As of Dec. 2025) — 56% Below Median

What is Manulife US REIT OCF Margin %?

Manulife US REIT SGX:BTOU -1.89% OCF Margin % is 18.66% as of Dec. 2025, which is 56% below its 10-year median of 42.77. The stock has 7 warning signs investors should review. Among 939 REITs companies, Manulife US REIT ranks worse than 69.54% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Manulife US REIT's Cash Flow from Operations for the six months ended in Dec. 2025 was $10.0 Mil. Manulife US REIT's Revenue for the six months ended in Dec. 2025 was $53.5 Mil. Therefore, Manulife US REIT's OCF Margin % for the quarter that ended in Dec. 2025 was 18.66%.

As of today, Manulife US REIT's current OCF Yield % is 32.55%.

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

SGX:BTOU' s OCF Margin % Range Over the Past 10 Years
Min: 23.23 Med: 42.77 Max: 48.96
Current: 26.9

During the past 13 years, the highest OCF Margin % of Manulife US REIT was 48.96%. The lowest was 23.23%. And the median was 42.77%.

SGX:BTOU's OCF Margin % is ranked worse than
69.54% of 939 companies
in the REITs industry
Industry Median: 49.43 vs SGX:BTOU: 26.90

Manulife US REIT OCF Margin % Related Terms

Manulife US REIT OCF Margin % Historical Data

* Premium members only.

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

Manulife US REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

OCF Margin %

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48.96

45.41

36.93

28.94

26.90

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
OCF Margin %	Get a 7-Day Free Trial															27.35	40.88	16.13	34.22	18.66

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

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

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

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

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Manulife US REIT OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

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

OCF Margin	=	Cash Flow from Operations (A: Dec. 2025 )	/	Revenue (A: Dec. 2025 )
	=	30.644	/	113.914
	=	26.90 %

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

OCF Margin	=	Cash Flow from Operations (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	9.99	/	53.549
	=	18.66 %

Frequently Asked Questions Learn more about OCF Margin % →

What does a OCF Margin % of 18.66% mean?

Manulife US REIT (SGX:BTOU) has a OCF Margin % of 18.66% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Manulife US REIT and its competitors. This is 56% below median its historical median of 42.77. Over the past decade, Manulife US REIT's OCF Margin % has ranged from 23.23 to 48.96. According to the industry distribution chart, Manulife US REIT ranks #653 out of 939 companies in the REITs industry, placing it in the top 69.5%.

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

Manulife US REIT's current OCF Margin % of 18.66% is 56% below median its 10-year median of 42.77. Over the past 10 years, this metric has ranged from a low of 23.23 to a high of 48.96. The REITs industry median OCF Margin % is 49.43. Manulife US REIT's value of 18.66% is 62.2% below this industry median. Based on the distribution chart, Manulife US REIT ranks #653 out of 939 companies in the REITs industry, which is below the industry midpoint.

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

According to the REITs industry distribution chart, Manulife US REIT ranks #653 out of 939 companies for OCF Margin %. This places Manulife US REIT in the lower half of its industry. The industry median OCF Margin % is 49.43. Manulife US REIT's value of 18.66% is 62.2% below this benchmark. Historically, Manulife US REIT's own OCF Margin % has ranged from 23.23 to 48.96 over the past decade. While the company's 10-year median is 42.77 vs. the industry median of 49.43, 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 OCF Margin % for a REITs company?

The median OCF Margin % among REITs companies is 49.43, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife US REIT's current OCF Margin % of 18.66% is 62.2% 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 OCF Margin % mean?

A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Manulife US REIT and its competitors. For the REITs industry, the median OCF Margin % is 49.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current OCF Margin % is 18.66%, which is 56% below median its own 10-year median of 42.77. 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 OCF Margin % is 18.66%, which is 56% below median its 10-year median of 42.77 and 62.2% below the REITs industry median of 49.43. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is OCF Margin % calculated?

OCF Margin % is calculated from a company's financial statements. For Manulife US REIT (SGX:BTOU), the current OCF Margin % is 18.66% 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.