Gross revenue for 2HFY2022 at US$81 million was 4.1% lower y-o-y, mainly on account of termination income received in 2HFY2021 and a tenant departure at Reston Square in 2QFY2022, post its acquisition by another firm.
Prime US REIT has reported a distribution per unit (DPU) of 3.03 US cents (4.01 cents) for its 2HFY2022 ended December, down 12.2% y-o-y on lower income and higher interest costs.
DPU for the FY2022 declined 3.5% y-o-y to 6.55 US cents, mainly attributable to the full year contribution from Sorrento Towers and One Tower Center — both acquired in July 2021.
