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Suntec REIT announces 2.1% lower 3Q DPU of 2.483 cents; 1.1 mil units traded

PC Lee
PC Lee • 2 min read
Suntec REIT announces 2.1% lower 3Q DPU of 2.483 cents; 1.1 mil units traded
SINGAPORE (Oct 30): Suntec REIT is trading 2 cents or 0.8% higher at $1.94 as at 10.22am on Monday with 1.1 million units traded.
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SINGAPORE (Oct 30): Suntec REIT is trading 2 cents or 0.8% higher at $1.94 as at 10.22am on Monday with 1.1 million units traded.

The manager of Suntec REIT announced on Friday night a DPU of 2.483 cents for 3Q17, 2.1% lower than 3Q16 DPU of 2.535 cents due to an enlarged units base which included 95.7 million new units issued in May.

Gross revenue came in 10.6% higher at $91.1 million, mainly due to the rental contribution of 177 Pacific Highway which received practical completion in August 2016 and higher contribution from Suntec Singapore.

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