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News - Detailed News Story

Soilbuild Reit Q1 DPU down 26% to 0.883 Singapore cent

18 Apr 2020 09:00

By Lee Meixian

INDUSTRIAL landlord Soilbuild Business Space Reit on Thursday posted a 26.3 per cent drop in distribution per unit (DPU) to 0.883 cent, compared to the 1.198 cents it paid out a year ago.

The manager explained that in view of the Covid-19 situation, it had excluded some capital distributions to conserve the Reit's capital.

In particular, it had decided to defer capital distributions relating to rental incentives and a rental guarantee provided by the vendors.

"Had the above capital distributions been included, Q1 FY2020 DPU would have been 0.95 cent and DPU from capital would have been 0.177 cent," it said.

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Source: Business Times

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