Manulife US Reit's Q3 payout matches expected yield from newcomer Keppel-KBS

MANULIFE US Real Estate Investment Trust (Reit) will pay a 1.6 US cent distribution per unit for the third quarter, giving it a yield that would match the soon-to-be-listed Keppel-KBS US Reit.

In its quarterly results announced on Friday, Manulife declared a payout for the three months ended September that beat its projection of 1.46 US cents by 9.6 per cent. That ou…