SPH Reit posts unchanged Q1 DPU of 1.33 cents

Singapore

SPH Reit on Tuesday reported a distribution per unit of 1.33 Singapore cents for the first quarter, unchanged from the same period a year ago.

The period saw the weak retail sentiment dampening rental uplift at Paragon, one of two shopping malls in its portfolio.

Its distribution to unitholders for the three months ended Nov 30, 2015, stood at S$33.7 million, up 0.6 per cent from a year ago. For the quarter, the distribution to unitholders was 95.4 per cent of taxable incom…