Soilbuild REIT's distributable income up 9.6% to $14.6m in Q1
But DPU slipped to just 1.56 cents.
Soilbuild Business Space REIT reported that its distributable income rose 9.6% year-on-year to $14.6m in the first quarter, on back of higher revenue and net property income.
However, the group trimmed its distribution per unit (DPU) to $1.557 cents, down 4.7% from $1.633 cents in the same period last year.
Occupancy at the group's portfolio slipped to 94.8% during the quarter.