REIT AsiaPac

Sign up for our newsletter

Suntec REIT Q3 Net Property Income Up 9.7%, DPU Down 14% On Financing Cost, Exchange Rates

Oct 28, 2023 – Suntec REIT reported a net property income of S$84.6 million for the period from July 1 to September 30 2023, 9.7% higher than the year earlier period. Distribution per unit was 1.793 cents, 14% lower year-on-year.

Operational performance of the office, retail and convention properties continued to improve. However, higher financing costs and the weaker Australian dollar against the Singapore dollar impacted the distributable income, its manager said in a statement.