In FY2023, Suntec’s DPU from operations fell 21.6% y-o-y to 6.341 cents. DPU was topped up to 7.135 cents from gains from the sale of Park Mall in 2015. These gains have been largely distributed.
Suntec REIT’s headline distributions per unit (DPU) for FY2023 ended December 2023 is underwhelming for FY2023 ended December 2023, declining 19.3% y-o-y to 7.135 cents.
In contrast, Suntec REIT, which owns income-producing real estate that is primarily used for office or retail purposes, reported a DPU of 9.507 cents in pre-Covid FY2019.
