Suntec REIT DPU increases by 12.5% YoY in Q3

It was due to stronger operating performance from its SG portfolio.

Suntec REIT reported that its distribution per unit (DPU) stood at $0.198 in the third quarter of the year, representing a 12.% year-on-year increase.

The company said it was due to stronger operating performance from its Singapore portfolio, lower financing costs, and the reversal of the withholding tax provision.

It also reported an increase in its distributable income to $6.2m, 13.4% higher than the same period last year.

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