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Starhill Global Reit posts Q2 DPU of 1.32 cents, up 2.3% y-o-y

STARHILL Global Reit on Tuesday reported a distribution per unit (DPU) of 1.32 Singapore cents for its second quarter ended Dec 31, 2015.

This was up 2.3 per cent from the 1.29 cents paid out a year ago.

Income available for distribution rose 3.5 per cent to S$30.1 million.

Revenue rose 13.8 per cent to S$55.6 million; net property income (NPI) rose 10.4 per cent to S$43.7 million.

"The growth in revenue and NPI was mainly driven by the contribution from Myer Centre Adelaide which was acquired in May 2015 and the resilience of the Singapore portfolio performance, partially offset by lower contributions from China and net foreign currency movements," it said.

Unitholders can expect to receive their Q2 DPU on Feb 29, 2016. The book closure date is on Feb 3, 2016.