Revenue for the quarter fell 3.9% y-o-y to $74.7 million.
The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) has reported net property income (NPI) of $61.1 million for the 1QFY2021 ended March, 1.6% lower than NPI of $62.1 million a year ago.
The lower NPI was mainly due to the provision of rental rebates to selected tenants and partly offset by lower property operating expenses.
