The REIT recorded FY16 gross revenue of US$47.5 million, which was 1.5% below forecast due to lower recovery revenues.
SINGAPORE (Feb 13): The manager of Manulife US REIT reported a distribution per unit (DPU) of 3.55 US cents (5 cents) for FY16, which exceeded the forecast DPU of 3.39 US cents by 4.8% due to higher property performance and lower borrowing costs and trust expenses.
Based on the REIT’s closing price of 86 US cents on Feb 10, the REIT has an annualised yield of 6.7%.
