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Starhill Global REIT 3Q DPU down 6.3% to 1.18 cents

Jude Chan
Jude Chan4/27/2017 07:19 PM GMT+08  • 2 min read
Starhill Global REIT 3Q DPU down 6.3% to 1.18 cents
SINGAPORE (April 27): The manager of Starhill Global Real Estate Investment Trust has announced distribution per unit of 1.18 cents for the third quarter ended March 31, a decline of 6.3% compared to DPU of 1.26 cents in the corresponding quarter last yea
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SINGAPORE (April 27): The manager of Starhill Global Real Estate Investment Trust has announced distribution per unit of 1.18 cents for the third quarter ended March 31, a decline of 6.3% compared to DPU of 1.26 cents in the corresponding quarter last year.

This was mainly due to lower net property income, including the effects of straight-lining rent adjustments, withholding tax provision for Malaysia income, and higher cash retention.

Gross revenue fell slightly to $53.3 million in 3Q16/17, 0.6% lower than revenue of $53.6 million a year ago, while net property income dipped 0.9% to $41.2 million, from $41.6 million a year ago.

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