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5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Manulife US REIT's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.50%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Manulife US REIT's 5-Year ROIIC % or its related term are showing as below:
MNULF's 5-Year ROIIC % is ranked worse than 69.79% of 629
companies
in the REITs industry
Industry Median: 4.13
vs MNULF: 1.50
Manulife US REIT (OTCPK:MNULF) 5-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Manulife US REIT 5-Year ROIIC % Related Terms
Manulife US REIT 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Manulife US REIT's 5-Year ROIIC % 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.
For the REIT - Office subindustry, Manulife US REIT's 5-Year ROIIC %, along with its competitors' market caps and 5-Year ROIIC % 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 5-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Manulife US REIT's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Manulife US REIT's 5-Year ROIIC % falls into.
Manulife US REIT's 5-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
5-Year ROIIC %
=
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( 48.123 (Dec. 2025) - 68.185952 (Dec. 2020) )
/
( 903.855 (Dec. 2025) - 2243.913 (Dec. 2020) )
=
-20.062952
/
-1340.058
=
1.50%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 5-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Manulife US REIT (MNULF) has a 5-Year ROIIC % of 1.50 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Manulife US REIT and its competitors. According to the industry distribution chart, Manulife US REIT ranks #439 out of 629 companies in the REITs industry, placing it in the top 69.8%.
Is Manulife US REIT's 5-Year ROIIC % too high?
Manulife US REIT's current 5-Year ROIIC % is 1.50. The REITs industry median 5-Year ROIIC % is 4.13. Manulife US REIT's value of 1.50 is 63.7% below this industry median. Based on the distribution chart, Manulife US REIT ranks #439 out of 629 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 5-Year ROIIC % compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #439 out of 629 companies for 5-Year ROIIC %. This places Manulife US REIT in the lower half of its industry. The industry median 5-Year ROIIC % is 4.13. Manulife US REIT's value of 1.50 is 63.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a REITs company?
The median 5-Year ROIIC % among REITs companies is 4.13, based on 629 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife US REIT's current 5-Year ROIIC % of 1.50 is 63.7% 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Manulife US REIT and its competitors. For the REITs industry, the median 5-Year ROIIC % is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current 5-Year ROIIC % is 1.50. 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 5-Year ROIIC % of 1.50. The stock's GF Value™ is $0.12, compared to a current price of $0.13 — trading 6.2% above its estimated fair value. The current 5-Year ROIIC % is 1.50 and 63.7% below the REITs industry median of 4.13. 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 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Manulife US REIT (MNULF), the current 5-Year ROIIC % is 1.50 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.
Is Manulife US REIT (MNULF) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife US REIT stock appears to be overvalued.
The current stock price of $0.13 is trading 6.2% above its estimated GF Value™ of $0.12.
Key valuation signals for MNULF:
5-Year ROIIC %: 1.50
GF Value™: $0.12 vs. price of $0.13 (6.2% above fair value)
Industry Position: 63.7% below the REITs median (#439 of 629)
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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