The lower DPU and distributable income came amid an improvement in operations across the office, retail and convention properties but was eroded by higher financing costs as well as the weaker Australian dollar (AUD) and British pound sterling (GBP) against the Singapore dollar (SGD).
Suntec REIT (SGX:T82U
) has reported a distribution per unit (DPU) of 1.737 cents in the 1QFY2023 ended March 31, 27.4% lower y-o-y.
The REIT’s distributable income for the quarter fell by 26.8% y-o-y to $50.3 million.
