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%) |
Although Soilbuild REIT has release a set of negative results, the positive side of it is that Soilbuild REIT has no refinancing requirements till 2018. Soilbuild REIT has ......