SPH REIT has reported distribution per unit (DPU) of 1.24 cents for the 2QFY2021 ended February, almost four times the DPU of 0.3 cent reported in 2QFY2020.

This brings the REIT’s 1HFY2021 DPU to 2.44 cents, 45.2% higher y-o-y and 3.3% higher q-o-q.

Gross revenue for the half-year grew 4.9% y-o-y to $140.0 million mainly attributable to contribution of $26.4 million from the 50% interest in Westfield Marion Shopping Centre in Australia.

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