Soilbuild Reit's Q1 DPU down 4.7%
Singapore
SOILBUILD Business Space Reit's (Soilbuild Reit) distribution per unit for the first quarter ended March 31 dipped 4.7 per cent from 1.633 Singapore cents to 1.557 Singapore cents while distributable income rose 9.6 per cent, from S$13.3 million to S$14.6 million.
Gross revenue for the quarter rose 8.2 per cent from S$18.6 million to S$20.1 million, mainly due to additional rental revenue from Technics and Solaris. They amount to S$2.0 million and S$0.1 million respectively. This was partially offset by a reduction in revenue from Tuas Connection and West Park BizCentral amounting to S$0.4 million and S$0.3 million respectively.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum