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Manulife US REIT reports maiden DPU of 2.01 US cents, exceeds IPO profit forecast by 5.8%

Michelle Zhu
Michelle Zhu11/7/2016 08:38 AM GMT+08  • 2 min read
Manulife US REIT reports maiden DPU of 2.01 US cents, exceeds IPO profit forecast by 5.8%
SINGAPORE (Nov 7): Manulife US Real Estate Management, the manager of newly-listed Manulife US REIT, posted a distribution per unit DPU of 2.01 US cents (3 cents) for the period from listing date on May 20 to Sept 30, beating its forecast 1.9 US cents for
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SINGAPORE (Nov 7): Manulife US Real Estate Management, the manager of newly-listed Manulife US REIT, posted a distribution per unit DPU of 2.01 US cents (3 cents) for the period from listing date on May 20 to Sept 30, beating its forecast 1.9 US cents for the period.

The REIT’s distributable income of US$12.6 million, which exceeded forecasts by 5.8%.

Gross revenue was 1.1% under the forecast US$28.5 million at US$28.2 million, as recoverable property operating expenses were lower than forecast due to lower recovery revenues.

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