The distribution will be paid out on Sept 25, after books closure on Aug 12.
Jill Smith, chief executive of Manulife US Reit's manager, said over the first half, the manager worked hard to sign about 217,300 sq ft of leases, achieving a +7.9 per cent rental reversion. Total undrawn credit facilities came to around US$135 million after the Reit's 2020 refinancing was completed with a new loan at a lower interest rate of 1.85 per cent per annum and the manager obtained an additional US$50 million revolving credit facility to store up financial flexibility, she added.
On the outlook, the manager said it continues to be focused on asset, lease and capital management. This is in addition to its commitment to sustaining and enhancing environmental, social and governance initiatives, and will be selectively seeking investment opportunities that deliver long-term value to unitholders.BT is now on Telegram!
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