IGB REIT Logs Higher DPU in Q3

MT Newswires Live10-29

IGB Real Estate Investment Trust's (KLSE:IGBREIT) distribution per unit edged up to 0.0268 ringgit in the third quarter from 0.0260 ringgit a year earlier.

Distributable income rose to 99.4 million ringgit, from 95.8 million ringgit in the year-ago period, according to a Monday Malaysian bourse filing.

Net property income rose to 109.5 million ringgit from 102.8 million ringgit, while total revenue grew to 114.1 million ringgit from 111.3 million ringgit a year ago.

Shares slid about 2% recently.

Price (MYR): $2.12, Change: $-0.060, Percent Change: -2.75%

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