SINGAPORE (Apr 16): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared distribution per unit (DPU) of 0.883 cents for 1QFY2020 ended March, a 26.3% drop from DPU of 1.198 cents a year ago.

In light of the Covid-19 outbreak, the manager has deferred capital distributions relating to rental incentives and a rental guarantee provided by the vendors.

Had the capital distributions been declared, 1Q DPU would have been 0.950 cents.

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