Analysts are bullish on Manulife US REIT (MUST) following its results announcement on Aug 3, as the manager of the REIT declared a 1H20 distribution per unit (DPU) of 3.05 US cents, up 0.3% from 3.03 US cents in 1H19.

Distributable income for the period rose 20.0% y-o-y to US$48.0 million.

Gross revenue for the half-year period came in at US$98.6 million ($135.5 million), 18.3% y-o-y, largely due to contributions from Centrepointe in Washington, and Capitol in California, which were both acquired in FY2019.

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