SINGAPORE (Oct 12): Analysts are generally keeping a positive stance on SPH REIT following its results announcement yesterday.
The REIT posted a DPU of 1.43 cents for 4Q18, a slight increase from 1.42 cents in 4Q17. This brings FY18 DPU to 5.54 cents, 0.2% higher compared to 5.53 cents in FY17.
Revenue was 0.2% higher y-o-y at $53.0 million, mainly due to higher rental income from The Clementi mall and two months contribution from newly acquired The Rail Mall. This was however offset by lower rental income at Paragon.