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Suntec REIT announces distribution income of S$50.9m

Suntec REIT has announced a distribution income of S$50.9 million for the first quarter of this year, 1.2 per cent higher compared to the same period a year ago.

SINGAPORE: Suntec REIT has announced a distribution income of S$50.9 million for the first quarter of this year, 1.2 per cent higher compared to the same period a year ago.

This works out to a distribution per unit of 2.229 cents.

Gross revenue meanwhile came in at S$66 million, an increase of 32.8 per cent year-on-year, mainly due to the opening of Suntec City Phase 1.

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