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Soilbuild REIT posts 9.5% drop in 1Q DPU to 1.198 cents despite higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan4/17/2019 07:08 PM GMT+08  • 2 min read
Soilbuild REIT posts 9.5% drop in 1Q DPU to 1.198 cents despite higher revenue
SINGAPORE (Apr 17): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has announced distribution per unit (DPU) of 1.198 cents for the 1Q19 ended March, some 9.5% lower than DPU of 1.324 cents a year ago.
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SINGAPORE (Apr 17): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has announced distribution per unit (DPU) of 1.198 cents for the 1Q19 ended March, some 9.5% lower than DPU of 1.324 cents a year ago.

Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago.

The manager says that this was due to property operating expenses, finance expenses, other trust expenses and perpetual securities coupons outpacing an increase in revenue.

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