Manulife REIT announced its Full Year 2020 Financial Results this morning and at the same time held an analyst briefing to which I was invited.
The setting was nicely done - it was in a large conference room where there are ample seats for social distancing and a clear view of the presentation.
All of the attendees were given a box of pineapple tarts as well as red packets to commemorate the upcoming Chinese New Year ahead. Thank you to the team for the surprise gifts.
Jill kicked off to give a presentation before the Q&A open floor session.
I'll try to provide more colors on what was discussed during the briefing as detailed as I could.
Like many investors, I am somewhat disappointed when I found out that DPU for Q4 was down by a massive 11.3% as compared to the previous year despite having higher GR, NPI, and DI for the quarter and the year due to the acquisitions made....