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Saizen Reit
SAIZEN Real Estate Investment Trust (Reit) is cutting its interim distribution per unit by 8.7 per cent to 2.83 Singapore cents because of a weaker Japanese yen and a higher number of issued units.
Total return attributable to unitholders fell 19.2 per cent to 369.4 million yen (S$4.6 million) in the second fiscal quarter ended December 2015. This comes as net property income slipped 0.5 per cent to 682.7 million yen, said the manager of the Japanese residential Reit.
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