Distributable income in 1Q17 rose 6.6% to $15.6 million, from $14.6 million a year ago.
SINGAPORE (April 12): The manager of Soilbuild Business Space REIT on Wednesday announced distribution per unit (DPU) of 1.489 cents for the first quarter ended March 31, 4.4% lower than DPU of 1.557 cents a year ago.
The manager has elected to pay the property management fee and to receive the lease management fee in cash for 1Q17. If these had remained payable in units, as was the case in 1Q16, DPU would have been 1.2% lower at 1.539 cents.
