Without this retained amount, UHREIT would be able to maintain its DPU at 2.91 US cents.
United Hampshire US REIT is planning a distribution per unit of 2.65 US cents for 1HFY2023, down from 2.91 US cents.
The lower distribution is because of the manager's decision to retain distributable income of US$1.5 million as capital reserve for asset enhancement and development initiatives such as the new Academy Sports + Outdoors store at Port St. Lucie.
