Suntec Reit's first-quarter distribution per unit increased by 24% to 1.936 cents | Lianhe Zaobao
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Suntec REIT's first-quarter distribution per unit increased by 23.9% year-on-year to 1.936 cents, with distributable income rising by 24.8% year-on-year to SGD 57.3 million. The strong performance was attributed to the operational performance of its office and retail property portfolio in Singapore, reduced financing costs, and a decrease in withholding tax provisions in Australia. Total revenue for the first quarter increased by 1.9% year-on-year to SGD 115.6 million, while net property income slightly rose by 0.3% to SGD 77.3 million. The trust will distribute dividends on May 29, with the stock registration deadline set for May 4
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