Lendlease Global Reit posts 33% increase in DPU for second-half year amid retail recovery

Singapore

LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Tuesday posted a distribution per unit (DPU) of 2.34 Singapore cents for the half-year ended June 30, up 32.8 per cent from 1.76 cents a year ago on the back of recovery in retail activity.

Gross revenue was up 8.5 per cent to S$37 million, from S$34.1 million a year ago.