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Lendlease Global Commercial REIT announces DPU of 2.45 cents for 2HFY2022

The Edge Singapore
The Edge Singapore8/8/2022 09:30 AM GMT+08  • 2 min read
Lendlease Global Commercial REIT announces DPU of 2.45 cents for 2HFY2022
The REIT's numbers were boosted by contributions from newly acquired stake in Jem / Photo: The Edge Singapore
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Lendlease Global Commercial REIT has announced a distribution per unit of 2.45 cents for its 2HFY2022 ended June, bringing full year distribution to 4.85 cents.

The 2HFY2022 dpu, which includes the advanced distribution of 1.1371 cents for the Jan 1 to March 30 period, was up 4.9% y-o-y.

Net property income for the same period was up $45.9 million, up 72.9% y-o-y, driven by contributions from newly-acquired stake in the Jem mall as well as better operating numbers at [email protected], its other key asset.

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