In 1Q18, Suntec REIT’s gross revenue of $90.7 million was 2.6% higher year-on-year. This was mainly due to higher contribution from Suntec Singapore and Suntec City mall but partially offset by lower contribution from Suntec City office mainly due to transitory downtime from replacement leases commencing progressively from March.
SINGAPORE (Apr 25): The manager of Suntec REIT announced a distribution per unit (DPU) of 2.433 cents for 1Q18, 0.3% higher than 1Q17 DPU of 2.425 cents.
Distributable income came in at $64.8 million for 1Q18 ended March which was 4.8% higher compared to 1Q17.
