KBS Prime US Reit posts Q3 DPU of 1.38 US cents.
KBS Prime US Reit on Tuesday posted a distribution per unit of 1.38 US cents for its third quarter, higher than its forecast of 1.31 US cents for the period, on the back of stronger rental income.
This came as Q3 income available for distribution reached US$12.8 million, 5.4 per cent higher than the forecast for the quarter. For the three months ended Sept 30, gross revenue was 2.3 per cent higher at US$27.1 million than the forecast, thanks to higher rental income and recoveries income.Market voices on:
The forecast numbers for the period from July 19, 2019 to Sept 30, 2019 were derived by pro-rating the forecast figures for a nine-month profit forecast that was disclosed in the Reit's prospectus.
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