Suntec Reit's Q4 distributable income up 7.7%

Singapore

SUNTEC Reit posted a distributable income of S$69.5 million for the fourth quarter ended December, up 7.7 per cent compared to the previous year. This translates into a distribution per unit of 2.75 Singapore cents, up 6.7 per cent from 2.577 Singapore cents a year ago.

Revenue for the quarter was S$87.54 million up 13.9 per cent. Net property income was up 17.9 per cent at S$62.49 million.

For the financial year ended 2015, the Reit achieved a distributable income of S$252.0 million which was 9.4 per cent higher year-on-year. DPU for the year was 10.002 Singapore cents. Based on the Jan 25 closing price of S$1.…