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SPH Reit announces distribution per unit of 1.39 cents for Q2

Published on Apr 8, 2014 6:58 PM

Unitholders of SPH Real Estate Investment Trust (SPH Reit) will be receiving a distribution of 1.39 cents per unit for the trust's second quarter.

This is 4.5 per cent higher than had been initially forecast when the trust launched its initial public offering.

SPH Reit Management, the manager of the trust, said its income distributable to unitholders was $34.9 million for the three months ended Feb 28, 5.2 per cent higher than forecast.

Net property income was $38.8 million, 4.6 per cent higher than forecast.

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