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.