I have recently added SPH REIT into my stock portfolio. SPH REIT has announced their 3QFY19 financial results on 11th July 2019 which kind of surprised me as their 3QFY19 financial results were pretty good and better as compared to the same quarter in FY18. Distribution Per Unit (DPU) increased by 1.5%. Gross Revenue increased by 12.7% and Net Property Income increased by 14.2%.
Below are the 3QFY19 financial results.
3QFY19 Financial Results 3QFY19(S$’000) 3QFY18
(S$’000) Change Gross Revenue 58,333 51,769 12.7% Net Property Income 46,328 40,559 14.2% Distributable Income 35,953 35,205 2.1% Distribution Per Unit (“DPU”) (cents) 1.39 1.37 1.5% YTD 3QFY19 Financial Results YTD3QFY19
(S$’000) YTD3QFY18
(S$’000) Change Gross Revenue 170,261 158,840 7.2% Net Property Income 133,969 125,017 7.2% Distributable Income 106,995 105,532 1.4% Distribution Per Unit (“DPU”) (cents) 4.14 4.11 0.7% Occupancy
Occupancy stood at a high of 99%.
We all know that rental reversions show whether
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