Staff Reporter
,
Singapore
Growth was driven by acquisitions.
Soilbuild Business Space REIT reported that its net property income jumped 19% year-on-year to $16.7m in the second quarter.
The growth was driven higher rental contributions from its acquisitions.
DPU grew at a slower pace of 7.7% to 1.615 S cents due largely to an enlarged unit base from a private placement exercise carried out in May this year, while occupancy rate came down slightly from 100% to 99.8%.
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