Manulife US Reit Q4 DPU slips 5.9% to 1.44 US cents on enlarged unit base

Singapore

MANULIFE US Real Estate Investment Trust's (Manulife US Reit) distribution per unit (DPU) fell 5.9 per cent to 1.44 US cents for its fourth quarter ended Dec 31, from 1.53 cents a year earlier.

This was mainly due to an enlarged unit base following a placement and preferential offering to partially fund its US$198.8 million acquisition of 400 Capitol Mall, it said in a bourse filing on Wednesday.