Improved rents, high occupancies lift BHG Retail Reit's Q3

Singapore

IMPROVED rentals and a maintaining of its high occupancy rates boosted results for Chinese mall owner BHG Retail Reit in its third quarter.

Distribution per unit (DPU) crept up to 1.41 Singapore cents from 1.29 Singapore cents in the previous year, the group said on Tuesday evening. That came as Q3 income available for distribution expanded 13.9 per cent to S$5.1 million from the previous year.