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Suntec Reit's Q2 DPU, net property income up

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Published Thu, Jul 23, 2015 · 09:50 PM

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Singapore

SUNTEC Reit reported a 10.3 per cent year-on-year rise in distribution per unit (DPU) to 2.5 Singapore cents for the second quarter ended June 30.

Gross revenue grew 19.6 per cent year-on-year to S$81.4 million and net property income rose 23.5 per cent to S$56.9 million, thanks to the opening of Phase 2 of Suntec City mall in June 2014 after asset enhancement works and stronger performance at Suntec Singapore Convention & Exhibition Centre.

Suntec Reit

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