Key Highlights:
-
Distribution per unit (DPU) in the first quarter was up 3% year-on-year
-
SPH REIT has one of the strongest portfolios, with very conservative leverage at 26.8%
1. Dividend Payout
Gross revenue and net property income grew 11.8% and 12.4% to $60.1m and $47m respectively. The good performance was driven by the higher rentals from Paragon and contribution from Figtree Grove Shopping Centre in Australia.