With the sale of the property assets of SPH to Cuscaden Peak, SPH REIT’s new financial year will end in December. The REIT will be reporting earnings for 16 months FY2022 ending Dec 2022 this coming February.
SPH REIT has announced a distribution per unit of 5.52 cents for 12 months FY2022 ended Aug, up 2.2% y-o-y from 5.40 cents. Net property income in the same period was up 1.8% y-o-y to $160.67 million while revenue was up 1.7% y-o-y to $281.9 million.
The company had recently announced it is changing its financial year end from Aug 31, which was in line with its former parent entity Singapore Press Holdings.
