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Soilbuild REIT records 36.8% drop in 2Q DPU to 0.745 cents

Felicia Tan
Felicia Tan7/16/2020 05:34 PM GMT+08  • 3 min read
Soilbuild REIT records 36.8% drop in 2Q DPU to 0.745 cents
The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared a distribution per unit (DPU) of 0.745 cents for 2Q20 ended June, a 36.8% drop from the DPU of 1.179 cents a year ago.
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SINGAPORE (July 16): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared a distribution per unit (DPU) of 0.745 cents for 2Q20 ended June, a 36.8% drop from the DPU of 1.179 cents a year ago.

The manager has retained $1.6 million of capital distribution. Had the amount been declared, the DPU for 2Q20 would have been 0.875 cents.

Gross revenue for the quarter rose 2.9% to $23.0 million from the $22.4 million a year ago. The increase was mainly due to higher contributions from the newly acquired 25 Grenfell Street in Adelaide, Australia.

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