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SPH Reit's Q2 DPU up 0.7% at 1.4 S'pore cents

Gross revenue rises 2.8% to S$52.5m; net property income 3.7% higher at S$40.3m

Published Mon, Apr 13, 2015 · 09:50 PM

Singapore

SPH Reit raised its distribution per unit by 0.7 per cent to 1.4 Singapore cents for its second fiscal quarter as rental income increased at its two retail properties.

Gross revenue at the retail real estate investment trust improved 2.8 per cent year-on-year to S$52.5 million in the three months ended Feb 28. Net property income rose 3.7 per cent to S$40.3 million.

Income available for distribution ascended 4 per cent to S$36.3 million. "For 2Q 2015, SPH Reit had …

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