400 Capitol Mall (Photo: Manulife US REIT)

Manulife US REIT (MUST) has addressed concerns over increasingly prevalent work-from-home (WFH) arrangements amid the COVID-19 pandemic, and if these might lead to lesser demand for its office spaces.

These concerns were touched upon in a phone call on 3 August shortly after the REIT announced its 1H 2020 results.

Manulife US REIT reported a distribution per unit (DPU) of 3.05 US cents for the period, 0.3% higher as compared to the same period in 2019.

Accordingly, the REIT saw gross revenue of USD98.6 million and net property income of USD62.2 million for 1H 2020, year-on-year (YoY) increases of 18.3% and 18.8% respectively.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.