Manulife US REIT released their third quarter 2017 results early in November with resounding results. Growth exceeded expectations with net property income exceeding projection by 20.9%, distributable income exceeding projection by 25.8% and distribution per unit exceeding projection by 9.6%. This is quite a mean feat which blew their first and second quarter 2017 results out of the water. In the first and second quarter of 2017, actual results beat projections by single digit percentages, and was overwhelmed by third quarters’ results. Let’s take an in-depth look on what exactly happened. [Also read: residential property prices and charts consolidated in one page] Positive growth in Manulife US REIT key metrics All key metrics, namely gross revenue, comprised of rental and other income and recovery revenue, net property income, net income, distributable income and distribution per unit are up by high single or double digit percentages. The difference between net property ......