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SPH REIT's 2Q DPU plunges 79% to 0.3 cent as Covid-19 uncertainties loom

Stanislaus Jude Chan and Uma Devi
Stanislaus Jude Chan and Uma Devi • 3 min read
SPH REIT's 2Q DPU plunges 79% to 0.3 cent as Covid-19 uncertainties loom
The steep cut in distribution comes as the REIT braces itself for challenging circumstances arising from the Covid-19 situation.
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SINGAPORE (Apr 1): SPH REIT has reported distribution per unit (DPU) of 0.3 cent for 2QFY2020 ended February, some 78.7% lower than DPU of 1.41 cents for the corresponding quarter last year.

This brings SPH REIT’s half-year DPU to 1.68 cents, some 39% lower than 1HFY2019 DPU of 2.75 cents.

Distribution to unitholders tumbled to $8.3 million in 2QFY2020, from $36.4 million a year ago.

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