SINGAPORE (Oct 19): Analysts are generally positive on Soilbuild Business Space REIT, despite a 9.4% y-o-y drop in 3Q DPU to 1.245 cents.

The REIT announced its 3Q18 results on Oct 17, which also stated that its income attributable to shareholders dipped 8.6% y-o-y to $13.2 million, while revenue was 3.6% lower at $19.8 million.

The decrease in revenue was mainly due to the divestment of KTL Offshore, as well as lower contributions from West Park BizCentral and Eightrium. But partially offset by higher revenue from Solaris.

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