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Suntec Reit's Q2 DPU up despite equity dilution

Its shares added two S'pore cents to hit a one-year high of S$1.855 yesterday

Published Tue, Jul 22, 2014 · 10:00 PM

SUNTEC Reit yesterday announced a distribution per unit of 2.266 Singapore cents for its second quarter ended June 30, 2014, a slight increase from 2.249 Singapore cents a year ago, to be paid on Aug 22.

The trust saw an 11.3 per cent increase in distributable income to S$56.6 million. But the DPU rise was slight because of an enlarged unit capital following its S$350 million private placement in March this year to raise funds for debt repayment.

"We have been assuring unitholders of stable and sustainable DPUs during the execution …

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