Lower occupancy hits Soilbuild Reit's Q3

Singapore

SOILBUILD Business Space Reit's third-quarter revenue, earnings and distributions were hit by lower occupancies at its industrial properties.

For the three months ended Sept 30, gross revenue fell 4.7 per cent to S$19.73 million from a year ago while net property income dropped 2.9 per cent to S$17.26 million.