Manulife US REIT 1H 2022 Financial Results
By My Sweet Retirement  •  August 5, 2022
On 4th August 2022, Manulife US REIT released their 1H 2022 Financial Results. Currently, Manulife US REIT makes up 7.51% of my stock portfolio. A Distribution Per Unit (DPU) of 2.61 US Cents was declared which will be paid on 27th September 2022. Manulife US REIT 1H 2022 Financial Results Gross revenue rose 10.6% Y-o-Y to US$100.4 million mainly due to contributions from the three properties (Tanasbourne, Park Place and Diablo) acquired in December 2021, higher carpark income and lower rent abatements. The gain was partly offset by lower rental income from existing properties as a result of higher vacancies. Net property income rose 2.8% to US$57.6 million, while distributable income increased 6.9% to US$46.0 million. Despite an increase in Gross Revenue and distributable income, Distribution Per Unit (DPU) for 1H 2022 fell 3.3% to 2.61 US cents. This was due to lower...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

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