Gross revenue for the period fell 5.8% y-o-y to $39.2 million due to the lower rental reversion at 313@Somerset and lower revenue from Sky Complex in Italy due to foreign exchange.
The manager of Lendlease Global Commercial REIT (LREIT) has reported a distribution per unit (DPU) of 2.40 cents for the 1HFY2022 ended December, 2.6% higher than the DPU of 2.34 cents in the corresponding period the year before.
The higher DPU was due to the higher distributable income in 1HFY2022, which grew 3.8% y-o-y to $28.6 million.
