Companies & Markets

Create a free account with Business Times for seamless access across SPH Media products.

REGISTER

LOGIN

Companies & Markets

SUBSCRIBERS

Suntec Reit Q1 DPU rises 16.2% to 2.045 Singapore cents on stronger operational performance

Published Sat, Apr 24, 2021 · 05:50 AM

Singapore

SUNTEC Real Estate Investment Trust's (Suntec Reit) distribution per unit (DPU) increased by 16.2 per cent to 2.045 Singapore cents for its first quarter ended March 31, from 1.76 cents in the same period last year.

Gross revenue edged up 0.2 per cent on year to S$87.1 million for the quarter, from S$86.9 million. Net property income rose 10.2 per cent to S$59.5 million for the quarter, from S$54 million a year earlier. This was due to stronger oper…

SEE ALSO

Should Suntec Reit internalise its manager?

A NEWSLETTER FOR YOU

Tuesday, 12 pm

Property Insights

Get an exclusive analysis of real estate and property news in Singapore and beyond.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Purchase this article

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

Browse corporate subscription here

The Business Times