Manulife US Reit to pay 1.6 US cents per unit for Q3; 9.6% above projections

Singapore

MANULIFE US Real Estate Investment Trust (Reit) will pay a 1.6 US cent distribution per unit for the third quarter, beating its projection of 1.46 US cents by 9.6 per cent as it took in contributions from its maiden acquisition of 500 Plaza Drive in New Jersey.

Year-to-date distribution for the January-to-September period will stand at 4.83 US cents, 8.5 per cent above projections, the manager of the US-focused office Reit said. The counter last traded at 90.5 US cents on Friday.