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Higher returns as SPH Reit beats forecasts

It posts DPU of 1.35¢ for Q3, which translates to annualised distribution yield of 5.28%

Singapore

SPH Reit has rewarded its unitholders with higher returns, thanks to steady and resilient operational performance.

The real estate investment trust yesterday posted a distribution per unit (DPU) of 1.35 cents for its third quarter ended May 31.

This was higher than the 1.31 cents it forecast in its prospectus when it was spun off from Singapore Press Holdings and listed in July last year.

It translates to an annualised distribution yield of 5.28 per cent, based on the Reit's closing price on...

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