Suntec Reit Q3 DPU up despite lower revenue

Singapore

LOWER revenue from conventions and the sale of Park Mall eroded third-quarter earnings for mall and convention centre owner Suntec Real Estate Investment Trust, though distributions for the period still came in higher year-on-year.

For the three months ended Sept 30, 2016, Suntec Reit posted a distribution per unit (DPU) of 2.535 Singapore cents, up from 2.522 Singapore cents the previous year, it said in a Singapore Exchange filing on Thursday.