On 21st April 2016, Suntec REIT announces its financial results for 1Q 2016.
Distribution Per Unit (“DPU”) rises 6.3% to 2.37 cents as compared to 2.23 cents in 1Q2015.
Gross revenue increases to S$78.3 million in 1Q2016 as compared to S$74.5 million in 1Q2015.
Net property income also increases to S$54 million as compared to S$51.4 million in 1Q2015. The increase in gross revenue and net property income was attributed to the opening of Suntec City Phase 3 which resulted in higher contribution from Suntec City Office and Suntec Singapore.
With the completion of Phase 3 in June 2015, this marks the end of the Asset Enhancement Initiative (“AEI”).
|
1Q2016
(S$mil) |
1Q2015
(S$mil) |
YoY(%) |
| Gross Revenue |
78.3 |
74.5 |
5.2 |
| Net Property Income |
54.0 |
51.4 |
5.1 |
| Distributable Amount |
60.0 |
56.0 |
7.2 |
| Distribution Per Unit (“DPU”) ... |
...
