SPH Reit maintains Q4 DPU at 1.39 cents
Paragon sales fell 3.2% due to tenants relocating within the mall, slowing tourist arrivals
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Singapore
SPH Reit on Monday posted a distribution per unit (DPU) of 1.39 Singapore cents for its fourth quarter ended Aug 31, 2015. Gross revenue slipped 0.6 per cent to S$50.8 million, while net property income rose 0.4 per cent to S$38.2 million on lower property operating expenses.
For the financial full year, the DPU was 5.47 Singapore cents, up 0.7 per cent. Gross revenue was up 1.4 per cent at S$205.1 million, while net property income rose 3.3 per cent to S$155.6 million.
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