Distributable income was 14.7% lower y-o-y at $135.6 million from $159.0 million a year ago.
The manager of Paragon REIT announced that its distribution per unit (DPU) for the FY2023 ended December 2023 period came in at 5.02 cents, some 9.1% drop from the previous year’s 5.52 cents, mainly due to rising interest costs.
For the 2HFY2023 period, DPU was 2.60 cents.
