Revenue, meanwhile, was up 10.6% y-o-y to US$100.4 million, due to contributions from three newly-acquired properties, Tanasbourne, Park Place and Diablo.
Manulife US REIT, which owns a portfolio of US office properties, has reported a distribution per unit of 2.61 US cents for 1HFY2022 ended June, down 3.3% y-o-y, as the unit base became larger from a private placement.
Net property income was up 2.8% y-o-y to US$57.6 million and distributable income was up 6.9% y-o-y to US$46 million.
