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Suntec REIT reports DPU of 4.512 cents for 2HFY2021, up 9.8% y-o-y

Felicia Tan
Felicia Tan1/26/2022 8:23 AM GMT+08  • 4 min read
Suntec REIT reports DPU of 4.512 cents for 2HFY2021, up 9.8% y-o-y
For the FY2021, Suntec REIT’s DPU stood at 8.666 cents, up 17.1% y-o-y.
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The manager of Suntec REIT has reported a distribution per unit (DPU) of 4.512 cents for the 2HFY2021 ended Dec 31, 2021, 9.8% higher than the DPU of 4.109 cents in the corresponding period the year before.

The higher DPU was due to the higher distribution income from operations, which increased 21.6% y-o-y to $129.0 million on the back of the two new acquisitions made in London, UK.

For the 2HFY2021, distribution income from operations rose 21.6% y-o-y to $129.0 million.

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