The manager of Suntec REIT has announced a distribution per unit (DPU) of 4.154 cents for the 1HFY2021 ended June, up 26.1% from 3.293 cents the previous year.

This is inclusive of the DPU of 2.045 cents it had previously paid out for the 1QFY2021. Excluding this amount, the REIT will pay out a DPU of 2.109 cents for the period between April 1 to June 30.

The 1HFY2021 DPU is underpinned by a 27.3% increase y-o-y in the amount available for distribution of $118.2 million, up from $92.8 million previously. The manager had retained 10% of distributable income the previous year in view of the Covid-19 outbreak, which was fully paid out in February.

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