Gross revenue over the quarter grew 12.9% to $88.4 million, driven mainly by a 34.3% increase in gross office revenue to $44.6 million on contribution from the REIT’s Sydney asset, 177 Pacific Highway, which achieved its practical completion in August 2016.
SINGAPORE (April 26): The manager of Suntec REIT has declared a 1Q17 distribution per unit (DPU) of 2.425 cents, up 2.3% as compared to the 2.371 cents posted in 1Q16.
This includes a capital distribution of $3 million or 0.118 cents per unit.
