Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 145 Attributable to Unitholders Note Units in issue and to be issued Retained earnings/ (Accumulated losses) Total US$’000 US$’000 US$’000 Group At 1 January 2021 1,138,312 19,576 1,157,888 Operations Net income for the year − 39,413 39,413 Net increase in net assets resulting from operations − 39,413 39,413 Unitholders’ transactions Issue of new Units: – Private placement 100,001 − 100,001 – Manager’s base fee paid/payable in Units 8,560 − 8,560 – Property Manager’s management fee paid/payable in Units 4,595 − 4,595 Issuance costs (1,806) − (1,806) Distributions 13 (21,162) (99,773) (120,935) Net increase/(decrease) in net assets resulting fromUnitholders’ transactions 90,188 (99,773) (9,585) At 31 December 2021 1,228,500 (40,784) 1,187,716 At 1 January 2020 1,148,319 109,859 1,258,178 Operations Net loss for the year − (43,284) (43,284) Net decrease in net assets resulting from operations − (43,284) (43,284) Unitholders’ transactions Issue of new Units: – Manager’s base fee paid/payable in Units 8,897 − 8,897 – Property Manager’s management fee paid/payable in Units 4,834 − 4,834 Distributions 13 (23,738) (46,999) (70,737) Net decrease in net assets resulting from Unitholders’ transactions (10,007) (46,999) (57,006) At 31 December 2020 1,138,312 19,576 1,157,888 Statements of Changes in Unitholders’ Funds For the year ended 31 December 2021 The accompanying notes form an integral part of the financial statements.