SPH REIT's Strong Performance With Double-Digit Rental Reversion

Highlights

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Author: reitscompass | Latest post: Mon, 23 Nov 2020, 12:13 PM

SPH REIT's Strong Performance With Double-Digit Rental Reversion

Author: reitscompass | Publish date: Tue, 14 Jan 2020, 1:01 PM

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.

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