SINGAPORE : Suntec Real Estate Investment Trust has reported a distribution per unit of 1.965 Singapore cents for its fiscal second quarter - the three months to March.
This was some 9 percent higher than last year.
Its distributable income came up to S$28 million, 19 percent higher than the same period last year.
Suntec REIT's results were fuelled by higher revenue from its Suntec City and Park Mall properties.
Gross revenue in the second quarter increased 8.1 percent to nearly S$47 million.
Yeo See Kiat, Chief Executive Officer, ARA Trust Management (Suntec) Ltd, said, "I am optimistic on the outlook for Suntec REIT. Our retail business is doing fine and we are going nicely in terms of our asset enhancement programmes.
"On the office business, the rental market is improving very nicely and we are very positive on the growth of this sector. On the acquisition front, we are highly proactive and we are working very hard to continue to grow Suntec REIT."
This was some 9 percent higher than last year.
Its distributable income came up to S$28 million, 19 percent higher than the same period last year.
Suntec REIT's results were fuelled by higher revenue from its Suntec City and Park Mall properties.
Gross revenue in the second quarter increased 8.1 percent to nearly S$47 million.
Yeo See Kiat, Chief Executive Officer, ARA Trust Management (Suntec) Ltd, said, "I am optimistic on the outlook for Suntec REIT. Our retail business is doing fine and we are going nicely in terms of our asset enhancement programmes.
"On the office business, the rental market is improving very nicely and we are very positive on the growth of this sector. On the acquisition front, we are highly proactive and we are working very hard to continue to grow Suntec REIT."
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