(Oct 16): SPH REIT is distributing 1.42 cents per unit for 4QFY2017 ended Aug 31, bringing its FY2017 payout to 5.53 cents. At its closing price on Oct 10 of $1.01, just one cent below its 52-week-high hit on Oct 4, this translates into a full-year yield of 5.48%. The REIT traded ex-dividend on Oct 13, after this publication went to print. Unitholders may want to hang around for the acquisition of The Seletar Mall, which is valued at around $500 million. This suburban mall, which serves the young and growing housing estate of Sengkang, opened in November 2014. That means it is now in its first renewal cycle, which typically happens every three years.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe