SPH REIT Q2 FY2020 Net Property Income Higher But Impact From COVID-19 Expected
April 2, 2020- SPH REIT Management Pte. Ltd. (“SPH RM” or the “Manager”), the Manager of SPH REIT, reported that net property income (“NPI”) for the second quarter ended 29 February 2020 (“Q2 FY2020”) was S$56.5 million, an increase of S$10.6 million (23.3%) compared to the same quarter last year, mainly due to contribution from the acquisition of Westfield Marion Shopping Centre (“Westfield Marion”) which was completed on 6 December 2019.
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