Manulife US REIT Financial Results Ending 31 Mar 2017

“We are pleased to report a strong set of 1Q 2017 results. Our DPU this quarter has surpassed projection by 8.6%. With a portfolio occupancy of 97.2%, weighted lease expiry of 5.6 years and no debt expiring till 2019, we expect the portfolio to deliver a stable performance. The U.S. economy remains strong with an unemployment rate of 4.5% in March 2017 and lower vacancy rate of the office sector by 10 basis points to 10.3% in 1Q 2017. We remain confident in the overall U.S. commercial real estate market and will continue to seek investment opportunities that will deliver long term value to Unitholders.”

Ms Jill Smith, Chief Executive Officer

1.65 cents USD (1Q 2017)

Read more

Pin It on Pinterest