Gross revenue fell slightly to $53.3 million in 3Q16/17, 0.6% lower than revenue of $53.6 million a year ago, while net property income dipped 0.9% to $41.2 million, from $41.6 million a year ago.
SINGAPORE (April 27): The manager of Starhill Global Real Estate Investment Trust has announced distribution per unit of 1.18 cents for the third quarter ended March 31, a decline of 6.3% compared to DPU of 1.26 cents in the corresponding quarter last year.
This was mainly due to lower net property income, including the effects of straight-lining rent adjustments, withholding tax provision for Malaysia income, and higher cash retention.
