Suntec REIT’s distributable income falls 13.3% YoY to $52m in 3Q23

Given the decline, the REIT proposed a 14.0% YoY lower DPU.

Suntec REIT recorded a distributable income of $52m in 3Q23, translating to a 14.0% YoY drop, but a 3.6% QoQ increase.

In a bourse filing, the REIT said higher financing costs and a weaker Australian dollar against the Singapore dollar affected its distributable income.

On the flip side, the REIT said the operational performance of its office, retail and convention properties continued to improve during the quarter.

Given the lower distributable income, the REIT proposed a 14.0% YoY lower distribution per unit (DPU) of $0.01793 to unitholders. The 3Q23 DPU, however, is 3.1% QoQ higher.

Follow the link for more news on

Suntec REIT

Distributable income

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia