Soilbuild REIT's net property income up 11.3% to $15.8m in Q1
On back of higher rental revenue.
Soilbuild REIT reported that its net property income increased 11.3% year-on-year to $15.8m in the first quarter.
Gross revenue jumped 10.5% year-on-year to $18.6m and DPU was up 4.5% to 1.633 S cents, underpinned by additional rental revenue from three new acquisitions in 2Q14 and 4Q14.
Soilbuild REIT also reported lower property operating expenses and lower total trust expense.