STATEMENTS OF CHANGES IN UNITHOLDERS’ FUNDS For the year ended 31 December 2024 Attributable to Unitholders Units in issue and to be issued Accumulated losses Total US$’000 US$’000 US$’000 Trust At 1 January 2024 1,240,845 (632,517) 608,328 Operations Net loss for the year − (177,950) (177,950) Net decrease in net assets resulting from operations − (177,950) (177,950) At 31 December 2024 1,240,845 (810,467) 430,378 At 1 January 2023 1,234,544 (214,398) 1,020,146 Operations Net loss for the year − (380,100) (380,100) Net decrease in net assets resulting from operations − (380,100) (380,100) Unitholders’ transactions Issue of new Units: – Manager’s base fee paid/payable in Units 3,795 − 3,795 – Property Manager’s management fee paid/payable in Units 2,506 − 2,506 Distribution − (38,019) (38,019) Net increase/(decrease) in net assets resulting from Unitholders’ transactions 6,301 (38,019) (31,718) At 31 December 2023 1,240,845 (632,517) 608,328 The accompanying notes form an integral part of the financial statements. 148 | MANULIFE US REIT
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