Revenue was 16.6% up y-o-y at $22.7 million, while net property income increased by 7.7% y-o-y to $18.3 million.
SINGAPORE (Apr 22): The manager of Soilbuild Business Space REIT (Soilbuild REIT) declared that its 1Q19 DPU dropped 9.5% to 1.198 cents from 1.324 cents in 1Q18. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago.
This was mainly due to property operating expenses, finance expenses, other trust expenses and perpetual securities coupons outpacing an increase in revenue.
