Manulife US REIT's Distributable Income Per Unit Declines 31% in H2 2025
MT Newswires
Mar 18
Manulife US REIT's (SGX:BTOU) distributable income per unit declined by 31% in the second half of 2025 to $0.006 from $0.0087 a year earlier, according to a Wednesday filing with the Singapore Exchange.
Income available for distribution fell by 31% to $10.6 million from $15.4 million in the year-ago period.
Net property income dropped by 38% to $23.0 million from $37.1 million a year earlier.
Gross revenue tanked 34% year over year to $53.5 million from $80.8 million, mainly due to lower lease termination income.
Portfolio occupancy dipped to 67.7%, driven by tenant vacates at Diablo.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.