Manulife US REIT’s 3Q 2017 DPU Outperformed its Projection by 9.6%
Singapore, 3 November 2017 – Manulife US Real Estate Investment Trust (“Manulife US REIT” or the “REIT”), the first pure-play U.S. office REIT listed in Asia, today announced that its distributable income of US$32.1 million for the financial period 1 January 2017 to 30 September 2017 (“YTD 2017”) had exceeded its projection by 13.2%, largely due to higher net property income and lower interest costs. In line with the strong performance, the REIT recorded a DPU of 4.83 US cents in YTD 2017, which was 8.5% higher than the projected DPU for the same financial period.
For the third quarter ended 30 September 2017 (“3Q 2017”), DPU was 1.60 US cents, which was 9.6% above projection. During the quarter, the REIT completed its maiden acquisition of 500 Plaza Drive (“Plaza”) in New Jersey which contributed to the 3Q 2017 results.
