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SPH Reit's Q4 DPU up 1.4% at 1.41 cents

Operational performance resilient with gross revenue, net property income both higher

Michelle Quah

Published Thu, Oct 6, 2016 · 09:50 PM

Singapore

SPH Reit, a real estate investment trust sponsored by media group Singapore Press Holdings (SPH), on Thursday reported an increase in fiscal fourth-quarter distribution to unitholders as operational performance proved resilient.

The Reit, whose portfolio comprises Paragon and The Clementi Mall, announced a 1.4 per cent increase in distribution per unit (DPU) to 1.41 Singapore cents for the three months ended Aug 31, 2016 (Q4FY16), from 1.39 Singapore cents the year before. The Q4 DPU will be paid to unitholders on Nov 16.

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