Kore US Reit posts H1 DPU of US$0.004
Income available for distribution is at US$20.4 million for H1, up 2.1% year on year from S$19.9 million
[SINGAPORE] The manager of Kore US Reit on Tuesday (Jul 28) posted a distribution per unit of US$0.004 for its first half ended June, with a payout ratio of about 21 per cent.
The ex-dividend date is on Aug 4 and the record date is on Aug 5. The payment will be distributed on Sep 29.
Income available for distribution was at US$20.4 million for H1, up 2.1 per cent year on year from S$19.9 million.
The real estate investment trust’s (Reit) revenue also rose 2.8 per cent on the year to US$76.6 million, from US$74.6 million.
Net property income was at US$43.1 million for the period, a jump of 6.1 per cent from US$40.7 million a year prior.
Units of Kore ended 1.7 per cent or US$0.003 higher at US$0.181 on Monday.
