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Manulife US Reit beats Q2 forecasts; DPU of 1.58 US cents

Wednesday, August 9, 2017 - 05:50

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A mortgage facility has been obtained for 500 Plaza Drive in New Jersey. The Reit manager has entered into a loan agreement for an aggregate principal amount of up to US$51.6 million.

Singapore

MANULIFE US Real Estate Investment Trust (Reit) posted on Tuesday better-than-expected results for the second quarter. It also announced a US$51.6 million mortgage facility for its new office property in New Jersey.

While rental growth pace across the US has slowed, its

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