SUBSCRIBERS
Revaluation losses pull Soilbuild Reit's Q4 DPU down by 2.7%
Published Mon, Jan 23, 2017 · 09:50 PM
Singapore
SOILBUILD Business Space Reit reported a 2.7 per cent drop in distribution per unit (DPU) to 1.570 Singapore cents for its fourth quarter ended Dec 31, 2016, down from 1.614 cents a year ago.
The drop was mainly due to revaluation losses amounting to S$50.9 million, even though the Reit reported stronger gross revenue and net property income for the fourth quarter.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379