Accordia Golf Trust, the business trust consisting of golf course assets in Japan has posted earnings for 1Q20 ended June of JPY 570 million ($7.4 million), 75.4% down from the JPY 2.32 billion in 1Q19.

There was no distribution per unit (DPU) declared for the quarter, as distributions are made to unitholders on a semi-annual basis, according to AGT.

Operating income for 1Q20 was JPY 10.66 billion, down 27.1% from the JPY 14.62 billion a year ago.

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