Suntec REIT 1Q DPU climbs 2.3%

SINGAPORE (April 27): Suntec Real Estate Investment Trust (REIT) recorded a distribution per unit (DPU) of 2.425 Singapore cents (7.56 sen) in its first quarter (1Q), up 2.3% from a year ago, it said in a Singapore Exchange filing yesterday morning, according to The Business Times.

For the three months ended March 31, The Business Times said, its gross revenue climbed 12.9% to S$88.4 million from the preceding year, mainly due to the rental contribution of its Sydney asset 177 Pacific Highway.

This article first appeared in The Edge Financial Daily, on April 27, 2017.

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