by: Tam Ging Wien

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SPH REIT announced its full year FY2020 results ending 31-August-2020. SPH REIT declared a DPU of 1.04c for half year ending 31-Aug-2020. This is a 63.5% fall, compared to the 2.85c in the same period last year.

The manager had decided to defer the payment of $14.5mil worth of dividends citing “prudence in financial management”. This deferment is allowed under the MAS COVID-19 relief measures but must be paid out by August 2021.