Suntec Reit Q2 DPU down 0.8%

Singapore

SUNTEC Real Estate Investment Trust's (Suntec Reit) distribution per unit (DPU) edged down to 2.474 Singapore cents for the second quarter ended June 30, 0.8 per cent lower than the DPU of 2.493 Singapore cents for the year-ago period.

Gross revenue rose 3.7 per cent year-on-year to S$90.5 million, while net property income rose 2.2 per cent to S$60.7 million, both due mainly to higher contribution from Suntec Singapore and Suntec City Mall …