Soilbuild REIT announces its results for 4Q2015 on 21st January 2016.
Distribution Per Unit (DPU) increase 1.8% to 1.614 cents as compared to 1.585 cents a year ago. This brought the total DPU for 2015 to 6.487 cents as compared to 6.193 cents in 2014.
Based on the market closing price of S$0.77 on 31st December 2015,
the yield for Soilbuild REIT is 8.42% for year 2015.
|
4Q2015
(S$’000) |
4Q2014
(S$ ‘000) |
YoY(%) |
| Gross Revenue |
20,434 |
17,682 |
15.6 |
| Net Property Income |
17,490 |
14,932 |
17.1 |
| Distributable Amount |
15,091 |
12,892 |
17.1 |
| Distribution Per Unit (“DPU”) (cents) |
1.614 |
1.585 |
1.8 |
| Annualised DPU (cents) |
6.487 |
6.193 |
4.7 |
Lease Expiry
From the below table, we can see that all of the properties in its portfolio have long land lease expiry.
| Property |
Land Tenure Expiry |
| Solaris |
31 May 2068 |
| West Park ... |
...
