Property operating expenses grew 6.5% to $12 million compared to $11.3 million a year ago as a result of higher marketing expenses in 1Q.
SINGAPORE (Jan 4): The manager of SPH REIT has announced a 1Q19 distribution per unit (DPU) of 1.34 cents, which remains unchanged from a year ago and will be paid to unitholders on Feb 15.
Gross revenue for the quarter grew 0.6% to $53.8 million from $53.5 million previously despite lower rental from Paragon, which was offset by higher contributions from The Clementi Mall and The Rail Mall.
