Basic Profile & Key Statistics SPH REIT invests in retail properties in Singapore and Australia and currently owns 5 properties. Its flagship property - Paragon has healthcare exposure which leases to medical clinics.
Performance Highlight Gross revenue and NPI improved due to the gradual recovery of tenant sales and lower rental assistant granted as compared to the previous year. Comparison of distribution or DPU with 2H 2020 is not meaningful as a portion of the distribution is withheld in 2H 2020. Note that in this quarter, SPH REIT distributes 0.52 cents of DPU which was previously withheld from FY2020.

FY21 rental reversion is at -8.4%.

Despite the decline in visitor traffic, FY tenant sales remain resilient. The tenant sales are positive for both Clementi Mall and Westfield while marginal drop for Paragon.

In the latest quarter, tenant sales for Paragon and Figtree Grove have...