SPH Reit looks to boost tenancy mix as H2 DPU nearly trebles

THE manager of SPH Reit SK6U 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.