Done some home work last weekend on Soilbuild Business Space Reit. Quick glanced through many of the quarterly reports while trying to decipher the recent results given by a few bloggers. Reason i am working on this is because of it's high dividend yield and past quarters stability.There is mention about increasing absolute income for distribution and the annualized dividend is up.
Occupancy fell and the current DPU is down 4.7%.I did found there's a a share placement prior year for a property resulting the total units differ between the two reported quarters. To get us into the right perspective before we all confuse ourselves with the numbers. We are talking about performance between 1Q FY16 and 1Q FY15.
Income for Distribution
Increasing income by itself is meaningless as this can be due to acquisition and when broken down to per unit, is what's matter. If there ......