Suntec REIT Distribution Per Unit Down By 5.1% In 3Q
Suntec REIT delivers a distributable income of S$66.2 million for the period 1 July to 30 September 2019 (“3Q 19”) which was a slight decline of 0.4% compared to the quarter ended 30 September 2018 (“3Q 18”) due to lower capital distribution. Distributable income from operations of S$59.7 million was 5.7% higher than 3Q 18. The distribution per unit (“DPU”) of 2.365 cents for 3Q 19 was 5.1% lower than 3Q 18 DPU of 2.491 cents mainly due to the enlarged unit base.
For the period 1 January to 30 September 2019 (“YTD Sep 19”), the distributable income ofS$196.7 million was a marginal 0.3% lower year-on-year. This comprises distributable income from operations of S$177.2 million which was 3.7% higher year-on-year (“y-o-y”) and capital distribution of S$19.5 million which was 26.4% lower than YTD Sep 18. The DPU of 7.160 cents for YTD Sep 19 was 3.2% lower mainly due to the enlarged unit base.
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