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SPH REIT Q2 2021 DPU Rises By 3.3%

March 30, 2021 – SPH REIT reported a distribution per unit (DPU) of 1.24 cents for Q2 FY2021, representing an increase of 3.3% over that of the last quarter. 

Q2 FY2021 distribution will be paid to unitholders on 11 May 2021. First half DPU is at 2.44 cents.

For the period 1 September 2020 to 28 February 2021, SPH REIT’s gross revenue increased 4.9% year-on-year to S$140 million. The increase was mainly from Westfield Marion Shopping Centre’s first full half-year contribution versus three months of contribution in the same period last year.

Gross revenue for the Singapore assets declined 6.7% due to COVID-19 rental relief granted to eligible tenants. Rental relief was also provided for eligible Australian tenants in accordance with the Australian “Code of Leasing”.

Read more here..

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