Starhill Global Reit posts lower DPU of 1.13 cents
Singapore
STARHILL Global Real Estate Investment Trust (SGReit) has registered a decline in gross revenue, net property income, distributable income and distribution per unit (DPU) for the first quarter ended Sept 30.
The decline in revenue and net property income was mainly due to lower income, as a result of the planned asset enhancement of Starhill Gallery in Malaysia, SGReit's manager YTL Starhill Global Reit Management said in a statement on Tuesday.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Upbeat outlook for CDL, UOL after strong H1 earnings