SINGAPORE (July 30): The manager of Starhill Global REIT (Starhill REIT) has declared a 4Q19 DPU of 1.10 cents, 0.9% higher than 1.09 cents in 4Q18.
For the full year ended June, DPU came in at 4.48 cents, 1.5% lower than 4.55 cents in FY18.
Gross revenue for the quarter slightly increased by 0.4% to $51.9 million from $51.6 million a year ago, mainly due to higher contributions from the office portfolio and Myer Centre Adelaide, partially offset by lower contributions from the retail portfolio in Singapore – Wisma Atria and Ngee Ann City – and the depreciation of AUD and MYR against SGD. Approximately 39% of the total gross revenue were contributed by the overseas properties.
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