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Soilbuild REIT 2Q DPU falls 6.3% to 1.466 cents

Jude Chan
Jude Chan7/13/2017 5:49 PM GMT+08  • 2 min read
Soilbuild REIT 2Q DPU falls 6.3% to 1.466 cents
SINGAPORE (July 13): The manager of Soilbuild Business Space REIT has decalred a distribution per unit (DPU) of 1.466 cents for the second quarter ended June, a 6.3% decline from DPU of 1.565 cents a year ago.
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SINGAPORE (July 13): The manager of Soilbuild Business Space REIT has decalred a distribution per unit (DPU) of 1.466 cents for the second quarter ended June, a 6.3% decline from DPU of 1.565 cents a year ago.

Distributable income grew 4.3% to $15.4 million in 2Q17, from $14.7 million a year ago.

This was mainly due to higher total return before distribution, and partially offset by lower non-tax deductible items as a result of the absence of property and lease management fees payable in units.

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