Manulife US REIT announced their Q3 2018 result not too long ago and generally, it is not filled with surprises. However, much of the attention was taken away from the results, the focus being on its falling share price. The current share price (2018 Nov 23) is US$0.77. If we annualized the adjusted DPU of US$0.0152 we get a dividend per share of US$0.0608. The dividend yield is 7.89%. Rather juicy. In my opinion, the share price was weigh down by a combination of

1. Rising interest rate environment generally challenging for REITs
2. Volatile stock markets these few months
3. Fundamental uncertainty due to possible reduction in distributable income

  Gross revenue improved 75% as did net property income. The income available for distribution improved by 64.9% versus last year. The main reason for the rise is due to contribution from an enlarged property base offset by a ...