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Suntec REIT posts marginally lower 2Q DPU of 2.493 cents on enlarged base

Michelle Zhu
Michelle Zhu • 3 min read
Suntec REIT posts marginally lower 2Q DPU of 2.493 cents on enlarged base
SINGAPORE (July 26): The manager of Suntec REIT today posted a distribution per unit (DPU) of 2.493 cents for the second quarter ended June, 0.3% lower compared to the 2.501 cents it posted in the same period a year ago.
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SINGAPORE (July 26): The manager of Suntec REIT today posted a distribution per unit (DPU) of 2.493 cents for the second quarter ended June, 0.3% lower compared to the 2.501 cents it posted in the same period a year ago.

The lower DPU was mainly due to an enlarged units base which included approximately 95.7 million new units issued on May 29, 2017. Distributable income in 2Q grew 4.3% to $66.0 million.

This brings the trust’s 1H17 DPU to 4.918 cents, 0.9% up from the 4.872 posted in the previous year.

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