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Manulife US Reit posts 2% fall in Q3 DPU on enlarged unit base

Both gross revenue and net property income up more than 10% on the back of its acquisitions

Gross revenue rose 13.3%, largely due to contributions from the acquisition of Centerpointe I & II in Virginia.


MANULIFE US Reit on Monday posted a 2 per cent fall in its third-quarter distribution per unit (DPU) to 1.48 US cents for the three months ended Sept 30, down from 1.51 US cents a year ago.

This was mainly due to an enlarged unit base following a placement and...

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