On 5th February 2024, PARAGON REIT released their 2H2023 financial results. Distribution Per Unit (DPU) in 2H2023 fell 1.9% to 2.60 cents. The 2H2023 distribution of 2.60 cents is expected be paid on 22nd March 2024. With the announcement of the final Distribution Per Unit (DPU), PARAGON REIT’s full year Distribution Per Unit (DPU) for FY2023 is 5.02 cents. The manager of PARAGON REIT laments the dip in Distribution Per Unit (DPU) due to the impact by higher interest costs. PARAGON REIT has a portfolio of five assets in Singapore and Australia. In Singapore, the properties are Paragon, The Clementi Mall and The Rail Mall. In Australia, PARAGON REIT owns a 50% freehold interest in Westfield Marion Shopping Centre and 85% interest in Figtree Grove Shopping Centre. Let us take a look at its latest 2H2023 financial results below. PARAGON REIT 2H2023 Financial Results In 2H2023, PARAGON REIT’s Gross Revenue increased by 3.0% to S$145.8 million. Net Property Income (NPI) increased 3.3% to S$109 million....