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SPH Reit's Q4 DPU beats IPO forecast by 6.1%

Payout of 1.39 Singapore cents brings full-year distribution to 5.99 cents; annualised yield of 6% based on IPO price

SPH Reit owns Paragon and The Clementi Mall. The portfolio was valued at S$3.16 billion as at Aug 31, up 3.4 per cent from the IPO valuation of S$3.05 billion.


SPH Reit, which owns Paragon and The Clementi Mall, reported on Monday distributable income that came in above expectations, as well as continued full tenancy for the two retail malls in its portfolio.

The real estate investment trust, which is majority owned by media...

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