Staff Reporter
,
Singapore
The REIT's lower NPI also contributed to the decline.
Keppel Pacific OAK US REIT's distributable income fell 8.8% YoY to US$11.m on lower net property income (NPI) and higher financing costs.
In its Q3 2024 financial statement, the REIT said its NPI fell 8.8% YoY to US$20.1m.
The REIT attributed its lower NPI to higher one-off income in Q3 2023 and higher property expenses in Q3 2024.
Meanwhile, the REIT also reported a 2.2% YoY lower gross revenue of US$27.6m.
Join
Singapore Business Review
community
Since you're here...
...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.
Let us help you drive your business forward with a good partnership!