Keppel Pacific OAK US REIT's (SGX:CMOU) income available for distribution to unitholders fell 16.2% during the first half of the year to $19.9 million from $23.8 million a year earlier, according to a Tuesday filing with the Singapore Exchange.
Net property income dropped 3.2% year on year to $40.7 million from $42.0 million.
Gross revenue was up 0.2% on year to $74.6 million from $74.4 million.
Shares of the REIT were down 4.4% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments