Revenue for the year end period was 7.8% higher y-o-y at $220.9 million, while net property income (NPI) was 7.4% higher at $165.3 million, mainly attributed to the good operational performance from the retail malls and the recognition of Supplementary Rent received from the lease restructuring of Sky Complex in December 2023.
The manager of Lendlease Global Commercial REIT (SGX:JYEU
) (LREIT) has announced that its distribution per unit (DPU) for FY2024 ended June 30 came in at 3.87 cents, 17.7% lower than 4.70 cents a year ago.
This came on the back of a 15.6% decline in amount distributable to unitholders to $91.4 million.
