The manager of SPH REIT has reported distribution per unit (DPU) of 1.20 cents for the 1QFY2021 ended November, 13% lower than the 1.38 cents posted in 1QFY2020.

Quarter-on-quarter, the DPU marked a 122% increase compared to the 0.54 cents declared in 4QFY2020.

The REIT reported overall gross revenue for 1QFY2021 grew 10.8% y-o-y to $66.6 million mainly due to Westfield Marion’s contribution of $12.8 million.

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