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Starhill Global Reit's Q4 distribution per unit rises 8.8% to 1.23 cents

Published on Jan 24, 2014 6:10 PM

Starhill Global Reit (SGReit) has achieved a 9.5 per cent increase in fourth quarter in income available for distribution to $27.2 million.

Distribution per unit (DPU) for the three months to Dec 31 rose by 8.8 per cent to 1.23 cents.

This was on the back of a 3.6 per cent gain in revenue to $49.1 million.

Net property income climbed by 3.4 per cent to $38.8 million, mainly attributable to the continued strong performance of the Singapore portfolio.

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