Basic Profile & Key Statistics SPH REIT invests in retail properties in Singapore and Australia and currently owning 5 properties. Its flagship property - Paragon has healthcare exposure which leases to medical clinics.
Performance Review Gross revenue increased by 10.8% YoY due to the acquisition of 50% interest in Westfield Marion in December 2019. DPU dropped by 13% YoY, in which 0.13 cent is from the release of retention. There is remaining retention of around S$ 10.9 million. Footfall and tenant's sales for Singapore properties have improved slightly as compared to previous quarter, albeit both are still lower than pre-covid level. As for Australia properties, both footfall and tenant's sales have recovered to close to pre-covid level.
Lease Profile

Occupancy is high at 97.9%.WALE is short at 2.6 years where the highest lease expiry of 29% falls in FY21.Weighted average land lease...