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SPH REIT declares 3Q DPU of 1.39 cents, up 1.5% on acquisitions

PC Lee
PC Lee7/11/2019 07:01 PM GMT+08  • 2 min read
SPH REIT declares 3Q DPU of 1.39 cents, up 1.5% on acquisitions
SINGAPORE (July 11): The manager of SPH REIT has declared a 3Q19 distribution per unit (DPU) of 1.39 cents, up 1.5% from 3Q18.
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SINGAPORE (July 11): The manager of SPH REIT has declared a 3Q19 distribution per unit (DPU) of 1.39 cents, up 1.5% from 3Q18.

Net property income (NPI) for 3Q19 ended May was $46.3 million, an increase of 14.2% from last year.

SPH REIT Management says this was mainly due to contributions from acquisitions of The Rail Mall in Singapore and Figtree Grove Shopping Centre in New South Wales, Australia.

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