Starhill Reit FY16 DPU up 1.4%

Singapore

STARHILL Global Reit said its distribution per unit (DPU) for the financial year ended June 30 was up 1.4 per cent to 5.18 Singapore cents. Income distributed to unitholders for FY16 was S$113 million - an increase of 2.4 per cent year-on-year.

For the fourth quarter ended June 30, the DPU was stable at 1.29 Singapore cents. Income to be distributed to unitholders for Q4 2016 remained at S$28.1 million, which was the same as the previous corresponding period.

On an annualised basis, the latest distribution represents a yield of 6.61 per cent, based on the closing price of S$0.785 as of June 30, 2016. Unitholders can expect to receive their Q4 DPU on Aug 29. The book clo…