Starhill Global Reit posts Q1 DPU of 1.24 cents
STARHILL Global Reit posted a distribution per unit (DPU) of 1.24 cents for its first quarter ended March 31, payable on May 30.
The latest distribution was a 9.5 per cent decline from 1.37 cents paid out per unit in Q1 last year. On an annualised basis, the latest distribution represents a yield of 6.37 per cent.
First-quarter net property income (NPI) fell 6.7 per cent to $39.1 million, on the back of an 8.3 per cent decline in revenue to $49.2 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue