Starhill Global Reit posts Q1 DPU of 1.24 cents

STARHILL Global Reit posted a distribution per unit (DPU) of 1.24 cents for its first quarter ended March 31, payable on May 30.

The latest distribution was a 9.5 per cent decline from 1.37 cents paid out per unit in Q1 last year. On an annualised basis, the latest distribution represents a yield of 6.37 per cent.

First-quarter net property income (NPI) fell 6.7 per cent to $39.1 million, on the back of an 8.3 per cent decline in revenue to $49.2 million.