Gross revenue for the quarter rose 2.9% to $23.0 million from the $22.4 million a year ago. The increase was mainly due to higher contributions from the newly acquired 25 Grenfell Street in Adelaide, Australia.
SINGAPORE (July 16): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared a distribution per unit (DPU) of 0.745 cents for 2Q20 ended June, a 36.8% drop from the DPU of 1.179 cents a year ago.
The manager has retained $1.6 million of capital distribution. Had the amount been declared, the DPU for 2Q20 would have been 0.875 cents.
