Suntec REIT has reported distribution per unit (DPU) of 2.232 cents for its 3QFY2021 ended September, 20.8% higher y-o-y.

This follows a higher distributable income of $63.7 million recorded for the period, an increase of 22% y-o-y. 

In its 3QFY2021 update released on Oct 22, the manager of the REIT attributes the stronger performance to contributions from the two newly acquired assets in London and the completed development of 477 Collins Street, Melbourne, as well as lower rent assistance for retail tenants in the current period. 

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