Manulife US Reit posts 1.5% increase in H2 DPU, but full year DPU falls 5.5%

US office-focused Manulife US Real Estate Investment Trust (Manulife US Reit) BTOU posted a distribution per unit (DPU) of US$0.0263 for the second half of the financial year ended Dec 31, 2021, up 1.5 per cent from US$0.0259 in the year-ago period.

But its full-year DPU has fallen by over 5 per cent for 2 financial years straight.

As the Singapore-listed Reit released its latest financials on Wednesday (Feb 9), its full-year DPU showed a 5.5 per cent decline year on year to US$0.0533, following on the heels of a 5.4 per cent drop in DPU from S$0.0596 in FY2019 to US$0.0564 in FY2020.