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Suntec Reit's Q3 DPU dips on enlarged unit base
Gross revenue and net property income are up for the quarter under review
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Published Fri, Oct 27, 2017 · 09:50 PM
Singapore
SUNTEC Reit's Q3 distribution per unit (DPU) declined 2.1 per cent to 2.483 Singapore cents per unit, owing to a larger unit base, while both gross revenue and net property income rose for the quarter under review.
In May, some 95.7 million new units were issued after S$166.5 million worth of debt held as convertible bonds were converted to equity.
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