Suntec Reit's Q3 unit distribution higher
DPU of 2.328 Singapore cents comes on the back of 12.4% rise in total distributable income to S$58.3m
Singapore
SUNTEC Real Estate Investment Trust's distribution per unit (DPU) for the third quarter ended September inched up from 2.289 Singapore cents a year ago to 2.328 Singapore cents.
This was on the back of total distributable income jumping 12.4 per cent, from S$51.8 million to S$58.3 million. Yeo See Kiat, chief executive officer of ARA Trust Management (Suntec) Limited, the manager of Suntec Reit, attributed the increase to the completion of Suntec City Phase 2 and contribution from 177 Pacific Highway, the Reit's acquisition in North Sydney.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet
