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Suntec Reit's Q2 DPU up despite equity dilution

Its shares added two S'pore cents to hit a one-year high of S$1.855 yesterday

Suntec City: There are three phases to its S$410 million revamp. Phase 1, comprising chiefly high street fashion stores in the mall's west wing and renovations to the convention centre, was completed and opened in June last year. - ST FILE PHOTO

SUNTEC Reit yesterday announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago, to be paid on Aug 22. The trust saw an 11.3 per cent increase in distributable income to S$56.6 million. But the