Manulife US REIT's chief investor relations, Carol Fong. (Manulife US REIT)Manulife US REIT's chief investor relations, Carol Fong. (Manulife US REIT)

Data from Manulife US REIT’s latest disclosure is in the Singapore REITs table.

Manulife US REIT (MUST) has briefly elucidated its business strategy for the quarters ahead amid revelations that its full-year distribution per unit (DPU) for FY2021 has fallen again, this time by 5.5%.

This is the second consecutive year in which the REIT has reported a fall in its full-year DPU.

For FY2020, MUST reported a full-year DPU of 5.64 cents, a fall of 5.4% from the 5.96 cents in FY2019.

Related: Manulife US REIT refutes notion that it neglected retail investors in sunbelt foray

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.