Soilbuild REIT 3rd Quarter Financial Results A Sea of Red

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Following the completion of offering of preferential offering to acquire Bukit Batok Connection (Read more here), Soilbuild REIT announced its 3Q2016 financial results.

The financial figures are in the sea of red. Gross revenue fell 4.7% from 20.1 million to 19.7 million. Net Property Income (NPI) fell 2.9% from 17.8 million to 17.3 million. Distribution per unit (DPU) fell 13.9% from 1.625 cents to 1.399 cents.

3Q2016
(S$’000)
3Q2015
(S$ ‘000)
YoY(%)
Gross Revenue 19,731 20,701 (4.7%)
Net Property Income 17,264 17,777 (2.9%)
Distributable Amount 14,551 15,147 (3.9%)
Distribution Per Unit (“DPU”) (cents) 1.399 1.625 (13.9%)
Annualised DPU (cents) 4.521 4.873 (13.9%)

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