Starhill Reit's Q2 DPU up despite lower overseas revenue
STARHILL Global Reit yesterday posted a 5 per cent increase in distribution per unit (DPU) to 1.25 Singapore cents for its second quarter ended June 30.
On an annualised basis, this translates to a yield of 6.07 per cent. This is despite lower contribution from its overseas properties which led revenue to fall 1.4 per cent to S$48.4 million.
Net property income rose marginally by 0.2 per cent to S$39.2 million, however, as operating expenses for its Singapore, Japan and China properties fell.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed