Starhill Global Reit posts drop in Q2 DPU

Singapore

STARHILL Global Reit on Monday reported a 7.1 per cent drop in distribution per unit (DPU) for the fiscal second quarter ended Dec 31, 2017 to 1.17 Singapore cents.

This was mainly due to lower net property income (NPI), the effects of straight-line rental adjustments, and higher withholding taxes for Malaysia and Australia properties, said its Reit manager YTL Starhill Global Reit Management.