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Soilbuild Reit Q2 DPU falls 3.1% on bigger unitholder base

SOILBUILD Reit on Wednesday posted a 3.1 per cent fall in distribution per unit (DPU) for the second quarter from the same period a year ago, against a bigger unitholder base.

DPU for the three months ended June 30, 2016, stood at 1.565 Singapore cents, compared to 1.615 Singapore cents a year ago. This was based on 941 million units for the second quarter, compared to 930 million units a year ago.

Income available for distribution was up 3 per cent to S$14.7 million, mainly due to reduction of property tax expense for one of its 11 properties.