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These insiders may probably be right with the assessment that "next 3 year will have wonderful opportunities not seen in the last 30years". But the opportunity is probably only reserved for those who don't need rates normalcy or in other words, are able to take advantage of rates abnormalcy.
So, these wonderful opportunities will probably be built on the likes of Manulife REIT.
MINUTES OF ANNUAL GENERAL MEETING
The next 3-year period will have some wonderful investment opportunities that John and I probably have not seen in the last 30 years including the Great Financial Crisis. That will also allow us to grow in asset value, because, to Mushtaque’s point, at some point, there will be some return to normalcy.
While we will always focus on the 10-year long-term part of the curve, there is a 3-year and 5-year floating rate financing, and also some fixed rate financing at the 5-year point. When we return to the normal interest rate structure where it is no longer the flatter inverse, the shorter end of the curve will be lower than where it is today relative to the 10-year. We hope that the return to normalcy for the interest rate structure will allow us to access shorter term financing as opposed to longer term financing. There is light at the end of the tunnel, but we do need a return to normalcy. In this regard, we had reached an agreement with the lenders for a 2-year moratorium.
https://links.sgx.com/FileOpen/Manulife%...eID=803483
So, these wonderful opportunities will probably be built on the likes of Manulife REIT.
MINUTES OF ANNUAL GENERAL MEETING
The next 3-year period will have some wonderful investment opportunities that John and I probably have not seen in the last 30 years including the Great Financial Crisis. That will also allow us to grow in asset value, because, to Mushtaque’s point, at some point, there will be some return to normalcy.
While we will always focus on the 10-year long-term part of the curve, there is a 3-year and 5-year floating rate financing, and also some fixed rate financing at the 5-year point. When we return to the normal interest rate structure where it is no longer the flatter inverse, the shorter end of the curve will be lower than where it is today relative to the 10-year. We hope that the return to normalcy for the interest rate structure will allow us to access shorter term financing as opposed to longer term financing. There is light at the end of the tunnel, but we do need a return to normalcy. In this regard, we had reached an agreement with the lenders for a 2-year moratorium.
https://links.sgx.com/FileOpen/Manulife%...eID=803483