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SPH REIT posts unchanged 1Q19 DPU of 1.34 cents

Michelle Zhu
Michelle Zhu1/4/2018 08:00 PM GMT+08  • 2 min read
SPH REIT posts unchanged 1Q19 DPU of 1.34 cents
SINGAPORE (Jan 4): The manager of SPH REIT has announced a 1Q19 distribution per unit (DPU) of 1.34 cents, which remains unchanged from a year ago and will be paid to unitholders on Feb 15.
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SINGAPORE (Jan 4): The manager of SPH REIT has announced a 1Q19 distribution per unit (DPU) of 1.34 cents, which remains unchanged from a year ago and will be paid to unitholders on Feb 15.

Gross revenue for the quarter grew 0.6% to $53.8 million from $53.5 million previously despite lower rental from Paragon, which was offset by higher contributions from The Clementi Mall and The Rail Mall.

Property operating expenses grew 6.5% to $12 million compared to $11.3 million a year ago as a result of higher marketing expenses in 1Q.

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