Starhill Global Reit Q2 DPU flat at 1.13 Singapore cents

Singapore

STARHILL Global Real Estate Investment Trust's (SGREIT) distribution per unit for the second quarter ended Dec 31, 2019 was flat at 1.13 Singapore cents.

Revenue for the second quarter fell 4.5 per cent year on year to S$48.74 million, while net property income was 5.9 per cent lower at S$37.17 million, mainly due to the rental rebate extended to the master tenant during the asset enhancement period of Starhill Gallery in Malaysia, it said. The income disruption resulti…