Brokers’ take: Analysts lower targets for Manulife US Reit as occupancy rates disappoint
ANALYSTS from various brokerages were disappointed by Manulife US Reit’s H1 performance, which saw distribution per unit (DPU) slip due to <a href="/companies-markets/manulife-us-reit-manager-eyes-hotelisation-of-office-assets-amid-dour-outlook" target="_blank">lower occupancy</a> in its portfolio. This led to a cut in target prices across the board, though they remained largely bullish on the office Reit’s future performance.