SINGAPORE (Nov 5): The manager of Manulife US REIT (MUST), the first pure-play U.S. office REIT listed in Asia, declared a 3Q DPU of 1.51 US cents, 33.6% higher than a year ago cents.

Gross revenue of US$40.4 million ($55.5 million) was 75.3% higher than 3Q`7 largely due to revenue contribution from the four trophy and Class A quality office properties acquired in 2017 (Plaza and Exchange) and 2018 (Penn and Phipps).

Property operating expenses increased by US$6.6 million mainly due to incremental property expenses from properties acquired in 2017 and 2018.

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