Friday 29 Mar 2024
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SINGAPORE (April 26): The manager of Starhill Global Real Estate Investment Trust (SGREIT) announced distribution per unit (DPU) of 1.09 cents for the 3Q ended March, some 7.6% lower than DPU of 1.18 cents a year ago.

3Q18 revenue fell 3.0% to S$51.7 million, from S$53.3 million a year ago.

This was mainly due to weaker contributions from the office portfolio, disruption of income from asset redevelopment works at Plaza Arcade in Perth, and lower revenue at Myer Centre Adelaide.

Correspondingly, net property income (NPI) fell 2.3% to...(click on link for full story on theedgesingapore.com)

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