The decline, however, was mainly attributable to an enlarged unit base following its recent preferential offering and the cessation of revenue recognition from NK Ingredients.
SINGAPORE (Oct 21): Analysts are remaining lukewarm on Soilbuild Business Space REIT, after the business park and industrial property trust saw its 3Q19 results come in below expectations.
The manager of Soilbuild REIT on Oct 16 announced a distribution per unit (DPU) 0.918 cents for the 3Q ended September, some 26.3% lower than DPU of 1.245 cents a year ago.
