Manulife US REIT expects strong 2019 on favourable macroeconomics

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Singapore-listed US-focused office landlord, Manulife US REIT, is expecting a strong performance in 2019 on favourable macroeconomic factors.

On the back of income from newly acquired properties, Manulife US REIT has reported a 7.7% increase year-on-year in its distribution per unit (DPU) for 4Q 2018.

Read: Manulife US REIT secures 11-year lease with Hyundai as DPU climbs 7.7% in 4Q 2018

Speaking at a briefing for analysts and media representatives to discuss the results, CEO of the Manulife US REIT’s manager, Jill Smith, expects a generally good year for the REIT for three main reasons:

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