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Manulife US REIT reports 2HFY2021 DPU of 2.63 US cents, up 1.5% y-o-y

Felicia Tan
Felicia Tan2/9/2022 08:14 AM GMT+08  • 4 min read
Manulife US REIT reports 2HFY2021 DPU of 2.63 US cents, up 1.5% y-o-y
Units in MUST closed flat at 64.5 US cents on Feb 8.
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The manager of Manulife US REIT (MUST) has reported a distribution per unit (DPU) of 2.63 US cents (3.54 cents) for the 2HFY2021 ended December, 1.5% higher than the DPU of 2.59 US cents in the 2HFY2020.

The higher half-year DPU was due to lower provision for expected credit losses and higher carpark income, although offset by lower rental income from higher vacancies.

DPU for the FY2021 stood at 5.33 US cents, down 5.5% from the FY2020 DPU of 5.65 US cents due to higher rental abatements, lower car park income and lower rental income from higher vacancies. This was partly mitigated by the net reversal of provision for expected credit losses, says the REIT manager.

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