Suntec Reit's Q3 DPU slips 2.1% on enlarged unit base, but property income improves

SUNTEC Reit on Friday posted 2.1 per cent dip in distribution per unit (DPU) for the third quarter, reflecting a larger unit base after S$166.5 million worth of debt held through convertible bonds was converted into equity.

It posted a DPU of 2.483 Singapore cents for the three months ended Sept 30, 2017, down from 2.535 Singapore cents in the year-ago period.

Net property income rose 11.6 per cent in the quarter to S$63.9 million on contribution from 177 Pacific Highway and Suntec Singapore.