New Adelaide mall boosts Starhill's quarterly results (Amended)
DPU growth has been propelled by improving mall quality and tenant mix, says CEO
Singapore
STARHILL Global Reit's most recent acquisition in Adelaide has lent its quarterly performance a boost.
On Wednesday, it reported a 3.2 per cent year-on-year increase in distribution per unit (DPU) to 1.29 cents for the April-June 2015 quarter. The trust called this period the sixth quarter of an 18-month financial period as it has changed its financial year-end from Dec 31 to June 30.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre