by: Tam Ging Wien

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In early January 2019, SPH REIT released its Q1-2019 results – its DPU turned in flattish at 1.34c same as a year ago. However, the rental reversion rate turn out to be a positive surprise. The rental reversions for Paragon had been on a decline in FY2018.

Just before the results announcement, SPH REIT also announced in mid-December 2018 that it had also completed the acquisition of 85% interest in Figtree Grove