pstrongWith lower income, the REIT also reported a 1.8% dip in DPU./strong/p pSuntec REIT posted a 1.1% YoY lower distributable income to unitholders of $44m in 1Q24./p pThe REIT also recorded a 1.8% YoY drop in its distribution per unit (DPU) from operations to $0.01511.
With lower income, the REIT also reported a 1.8% dip in DPU.The REIT also recorded a 1.8% YoY drop in its distribution per unit from operations to $0.01511.The REIT’s net property income likewise fell, slipping 3.8% YoY to $73.4m due to lower contributions from 55 Currie Street in Adelaide, 177 Pacific Highway in Sydney, and The Minster Building in London.
On the other hand, gross revenue rose by 1.0% YoY to $109.8m due to stronger operating performance from Suntec City Office, Mall and Suntec Convention....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
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Sabana Industrial REIT's occupancy rate drops to 83% in 1Q24Sabana Industrial Real Estate Investment Trust (REIT) reported a decline in its occupancy rate for the first quarter of 2024 (1Q24) to 83% from 91.2% in the previous quarter (4Q23) due to the repossession of 33 & 35 Penjuru Lane.
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