Manulife US Reit reports higher Q3 DPU
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Singapore
MANULIFE US Reit's third quarter distribution per unit (DPU) rose sharply, boosted by contributions from properties acquired this year and last year.
The pure-play US office REIT's DPU for the three months ended 30 Sept jumped 33.6 per cent to 1.51 US cents. However, adjusted DPU - which normalises the impact of an enlarged unit base from a rights issue and preferential offering which took place in 2017 and 2018 respectively - was up 3.4 per cent at 1.52 US cents.
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