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SPH REIT 1Q DPU held steady at 1.34 cents

PC Lee
PC Lee1/5/2018 06:38 PM GMT+08  • 2 min read
SPH REIT 1Q DPU held steady at 1.34 cents
SINGAPORE (Jan 5): The manager of SPH REIT reported DPU for 1Q18 ended Nov held steady at 1.34 cents compared to the same quarter last year.
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SINGAPORE (Jan 5): The manager of SPH REIT reported DPU for 1Q18 ended Nov held steady at 1.34 cents compared to the same quarter last year.

Gross revenue for 1Q18 grew 1.7% to $53.5 million on the back of higher rental income from both Paragon and Clementi Mall.

Property operating expenses of $11.3 million was 1.2% higher than 1Q17 as increase in property tax, utilities and maintenance expenses were cushioned by lower marketing expenses.

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