SPH Reit announces higher-than-forecast maiden distributable income
NEWLY-LISTED SPH Reit on Thursday said that distributable income exceeded forecasts due to lower-than-expected expenses from operating its properties.
Distributable income was $46.5 million for the period July 24 to Nov 30.
That was 1.9 per cent higher than the forecast of $45.7 million set out in the initial public offering (IPO) prospectus.
July 24 was the listing date of SPH Reit.