Suntec Reit posts 27.7% fall in DPU for Q1; retains 10% of distributable income as virus crisis deepens in Q2

Singapore

SUNTEC Real Estate Investment Trust (Suntec Reit) on Wednesday posted a 27.7 per cent drop in distribution per unit to 1.76 Singapore cents for the first quarter ended March 31, down from 2.434 cents a year earlier.

This was due to lower distributable income from operations, retention of distribution totalling S$5.5 million, absence of a S$6.5 million capital distribution and an enlarged unit base, the Reit manager said.