Suntec Reit Q4 DPU falls 5.6%, net property income down 2.9%

Singapore

SUNTEC Real Estate Investment Trust (Suntec Reit) posted a 5.6 per cent dip in its distribution per unit (DPU) for the fourth quarter ended Dec 31, 2016.

It was at 2.596 Singapore cents, lower than the DPU of 2.750 cents seen a year ago, Suntec Reit reported on Wednesday. Its distributable income also fell, standing at S$66.1 million, 4.9 per cent lower than a year ago.

Its net property income generated for the quarter was at S$60.7 million, 2.9…