SPH Reit looks to boost tenancy mix as H2 DPU nearly trebles
THE manager of SPH Reit SK6U : SK6U 0%on Monday said it continues to seek ways to improve its tenancy mix, as it prepares to capture higher rental reversions when the economy improves.
“If you get your mix sharp, and cater to a target market that will come and patronise, when the recovery comes along, you’re probably in a good position for tenant sales to improve. You would then, hopefully, have better results in terms of the rental reversions,” said Susan Leng, CEO of SPH Reit, in a briefing on Monday evening.
Ms Leng’s comments come as the real estate investment trust posted rental reversion of negative 8.4 per cent for FY2021, as visitor traffic to its five malls in Singapore and Australia fell 20 per cent in the year due to various Covid-19 restrictions.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Optus names National Broadband Network’s Stephen Rue as incoming chief
More than 90% of stablecoin transactions aren’t from real users, study finds
RBA to keep key rate at 12-year high as inflation stirs anew
Buffett praised Apple after trimming it, drops Paramount stake
Westpac net profit falls 16%, announces additional A$1 billion buyback
Worst days for China’s stock market may be over