Starhill Global REIT on Tuesday said that its distribution per unit (DPU) for the third quarter improved by 5.3 per cent.
It announced a DPU of 1 cent, up from the 0.95 cent declared in the year-ago period.
Distributable income rose by 5.8 per cent on-year to S$19.4 million, while net property income was up by 37 per cent on-year to S$35.8 million.
Starhill said the improvement in net property income is mainly attributed to contribution from the recently-acquired Starhill Gallery and Lot 10 in Malaysia.
The acquisition of the David Jones Building in Australia also boosted its net property income.
Source : Channel NewsAsia – 26 Oct 2010