Distributable income for the quarter fell 12.6% y-o-y to $52.2 million due to rental assistance for Suntec City Mall, Marina Bay Link Mall and Southgate Complex Retail. The lower sum was also brought about by the absence of contribution from Suntec Singapore and one-off compensation received at MBFC Properties in 3QFY2019.
The manager of Suntec REIT has reported distribution per unit (DPU) of 1.848 cents for 3QFY2020 ended Sept, some 21.9% lower than the 2.365 cents posted a year ago, on lower distributable income from operations and absence of capital distribution of some $6.5 million.
See also: Suntec REIT manager increases Euro Medium Term Note Programme to US$2 bil
