Nam Tai Property Inc. Reports Q1 2021 Results SHENZHEN, China , April 29, 2021 |PRNewswire| -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited results for the first quarter ended March 31, 2021. KEY HIGHLIGHTS In the quarter ended March 31, 2021 : Revenue was $69.0 million in the first quarter of 2021, an increase of $68.3 million year-on-year. Net income from operations was $36.2 million , increased from net loss from operations of $3.7 million in the first quarter of 2020. Consolidated net income was $25.6 million in the first quarter of 2021, increased from consolidated net loss from operations of $3.2 million in the first quarter of 2020. Real estate properties under development, net was $327.4 million as of March 31, 2021 , an increase of $15.2 million from the end of 2020. In addition, as of March 31, 2021 : The occupancy rate of Nam Tai Inno Park reached 48%, an increase of five percentage points from the quarter ended December 31, 2020 . Approximately 1,100 dormitory units of Nam Tai Inno Park have been delivered to our tenants.