Consequently, net property income (NPI) for 1HFY2024 was up 22.2% y-o-y to $93.4 million.
Lendlease Global Commercial REIT (LREIT) (SGX:JYEU
) has announced a distribution per unit of 2.10 cents for its 1HFY2024 ended Dec 31, 2023, compared to 2.45 cents for the same period last year, as a result of higher borrowing costs amidst higher interest rates.
For the half-year period, gross revenue was up 17.9% y-o-y to $119.9 million, boosted by improved operational performance from the REIT’s retail malls and recognition of supplementary rent from the lease restructure with Sky Italia.
