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BHG Retail REIT declares 24% lower 1H DPU of 2.083 cents

PC Lee
PC Lee8/8/2019 07:32 PM GMT+08  • 2 min read
BHG Retail REIT declares 24% lower 1H DPU of 2.083 cents
SINGAPORE (Aug 8): The manager of BHG Retail REIT reported 2Q19 DPU of 0.98 cents, 27.4% lower compared to the 2Q18 DPU of 1.35 cents.
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SINGAPORE (Aug 8): The manager of BHG Retail REIT reported 2Q19 DPU of 0.98 cents, 27.4% lower compared to the 2Q18 DPU of 1.35 cents.

This was despite 2Q19 amount available for distribution being 2.9% higher at $5.3 million from a year ago.

BHG Retail Trust Management says the reduction in DPU was due to the increase of units entitled to distribution as a result of payment of management fees in units, in lieu of cash.

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