For 2Q17, the REIT recorded net property income of US$12.8 million ($17.4 million) which was 3.7% above projection, while gross revenue was 0.3% below projection due to lower recoveries income but partially offset by higher rental and other income mainly arising from rental escalations and higher car park income.
SINGAPORE (Aug 8): The manager of Manulife US REIT, the first pure-play US office REIT listed in Asia, today announced a 2Q17 DPU of 1.58 US cents, exceeding IPO prospectus projection of 1.47 US cents by 7.5%.
This brings DPU of 1H17 to 3.23 US cents versus the projected 2.99 US cents.
