ARA Trust Management, the manager of Suntec REIT, has reported distribution per unit (DPU) of 4.109 cents for the 2HFY2020 ended December, 12.8% lower than DPU of 4.712 cents a year ago, due to the absence of capital distribution for the period.

“The second half and fourth quarter performance continue to be supported by the resilience of our office portfolio in Singapore and Australia. There are also encouraging signs of recovery in our retail business in 4QFY2020 as tenant sales recovery at Suntec City Mall has been stronger than improvement in footfall,” says Chong Kee Hiong, CEO of the manager.

“As a result, there will be a full distribution of the 2HFY2020 distributable income. We will also distribute the full $10.3 million distributable income that was retained in 1HFY2020. Total DPU for 2HFY2020 will be 4.109 cents,” he adds.

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