107 views
/Manulife US Reit website

Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22

It stemmed from distributable income that went down 1.7% to $55.4m (US$41.9m).

In the second half of 2022, the distributable per unit (DPU) of Manulife US Reit (MUST) declined 10.3% year-on-year to 2.63 US cents in the second half of 2022.

This was due to the distributable income that dipped 1.7% to $55.4m (US$41.9m).

Gross revenue went up 8.3% year-on-year to $135m (US$102.1m) whilst the net property income went up 3.9% to $73m (US$55.5m). 

MUST  said its improvement in gross revenue for full year that ended 31 December 2022 was attributed to contributions from “Tanasbourne, Park Place and Diablo acquired in December 2021, higher carpark income and lower rent abatements provided to tenants affected by COVID-19.” 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!