Starhill Global Reit Q1 DPU falls 4.2%

Singapore

STARHILL Global Reit on Tuesday reported a 4.2 per cent drop in distribution per unit (DPU) to 1.15 Singapore cents for the first quarter ended Sept 30.

This was mainly due to lower net property income which dipped 2.3 per cent to S$40.4 million from a year ago on the back of lower contributions from the retail portfolio in Singapore and the depreciation of the Australian dollar.