Distributable income for 1H20 fell 21% y-o-y to $103.1 million. Some 10.0% of the distributable income for 1H20 was retained by the manager in view of the Covid-19 outbreak, which “significantly affected” the REIT’s convention and retail businesses.
The manager of Suntec REIT has announced a 35.1% drop in distribution per unit (DPU) to 1.53 cents for the 2Q20 ended June, from the DPU of 2.361 cents a year ago.
DPU for 1H20 fell 31.3% to 3.293 cents from the 4.795 cents a year ago.
