Manulife Reit beats own DPU forecast by almost 6%

Singapore

MANULIFE US Reit, the only pure US office play here, exceeded its own forecast by 5.8 per cent in delivering a distribution per unit (DPU) of 2.01 US cents for the period from May 20 to Sept 30.

Its portfolio valuation also rose 4.6 per cent from Dec 15, 2016 valuation to US$813.2 as of Sept 30, on the back of strong leasing activities and investment demand that is compressing capitalisation rates.