Asia
Suntec REIT's DPU Up 24% in Q1
Suntec REIT's (SGX:T82U) distribution per unit or DPU jumped 24% in the first quarter of the year to SG$0.01936 from SG$0.01563 a year earlier, according to a Thursday filing with the Singapore Exchange.Shares of the REIT were up over 1% in Friday trading.Distributable income rose 25% to SG$57.3 million from SG$45.9 million.Net property income was up by 0.3% to SG$77.3 million compared with SG$77.1 million in the year-ago period.Gross revenue rose 1.9% year over year to SG$115.6 million from SG$113.5 million, backed by strong operating performance.
SGX:T82U