MRCB-Quill REIT property, Menara Shell. (Photo: REITsWeek)

Malaysia-listed MRCB-Quill REIT has reported distributable income per unit (DPU) of 2.05 sen for its 3Q 2018, a fall of 5.6% compared to the 2.17 sen achieved in the corresponding period of the previous financial year.

The REIT’s revenue and net property income for the period slipped by 2.9% and 2.0% to MYR43.6 million (USD10.3 million) and MYR33.7 million respectively, while distributable income fell by 5.3%to MYR22 million.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.