Home Capital Results

Manulife US REIT posts 11.3% lower 2H20 DPU of 2.59 US cents on lower property income and provision for expected credit losses

Felicia Tan
Felicia Tan2/8/2021 8:9 AM GMT+08  • 4 min read
Manulife US REIT posts 11.3% lower 2H20 DPU of 2.59 US cents on lower property income and provision for expected credit losses
FY2020 DPU fell 5.4% y-o-y to 5.65 US cents compared to 5.96 US cents in FY2019.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Manulife US REIT (MUST) has announced distribution per unit (DPU) of 2.59 US cents (3.455 cents) for the 2HFY2020 ended December, an 11.3% drop from DPU of 2.92 US cents in the corresponding period a year ago.

The lower DPU was mainly attributable to lower distributable income over an enlarged unit base during the half-year period.

Distributable income for 2HFY2020 declined 5.5% y-o-y to US$41.0 million mainly due to lower property income and provision for expected credit losses.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now