Corporate digest

Soilbuild Reit

SOILBUILD Business Space Reit on Wednesday posted a fourth-quarter distribution per unit (DPU) of 0.925 Singapore cent, down 36.3 per cent from 1.451 cents a year ago.

Distributable income fell 24.1 per cent to S$11.7 million for the three-month period ended Dec 31, 2019. Gross revenue decreased 11.5 per cent to S$22.8 million after contribution from 72 Loyang Way, 2 Pioneer Sector 1 and Solaris took a hit. Net property income fell 14.8 per cent to S$17.4 million.