Singapore

RETAIL landlord SPH Reit has declared distribution per unit of 1.37 Singapore cents for the third quarter ended May 31, unchanged from a year ago.

But net property income marked a 3.8 per cent decline from a year ago to S$40.56 million, mainly due to lower rental income from Paragon. Gross revenue fell 2.9 per cent year-on-year to S$51.77 million.