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.
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.
