Prime US REIT's net property income dips 11.7% YoY to US$20.8m

The REIT faced lower occupancy and higher finance expenses.With lower NPI, the REIT's income available for distribution also declined, dropping 19.5% YoY to US$12m.

The REIT attributed its lower distributable income to lower revenue on lower occupancy and higher finance expenses attributed to higher interest rates....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.Prime US REIT's net property income dips 11.7% YoY to US$20.

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Daiwa House Logistics Trust NPI up 4.6% YoY in 1Q24pstrongIts gross rental income also rose 1.9%./strong/p pSGX-listed Daiwa House Logistics Trust (DHLT) registered a net property income of JPY1.2b ($8.74m) in 1Q24, reflecting a 4.6% YoY increase./p pThe company attributed its improved performance to higher portfolio occupancy./p pGross rental income rose 1.9% YoY to JPY1.
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