Gross revenue and net property income was up by 1.9% and 0.3% y-o-y to $115.6 million and $77.3 million respectively.
For 1QFY2026 ended March 31, Suntec REIT’s (SGX:T82U
) distribution income (DI) was up by 24.8% higher y-o-y to $57.3 million while DPU jumped by 23.9% y-o-y to 1.936 cents across the same period.
The improvement was driven by stronger operational performance of its Singapore office and retail portfolio, lower financing costs and lower Australia withholding tax provision as it managed to retained its Australia Managed Investment Trust status.
