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SPH Reit trumps forecasts in third quarter

Published on Jul 11, 2014 6:28 PM
 
Paragon Mall at Orchard Road. Full occupancy and healthy rental reversions helped SPH Reit beat forecasts in its third quarter. -- PHOTO: ST FILE

SINGAPORE - Full occupancy and healthy rental reversions helped SPH Reit beat forecasts in its third quarter.

The real estate investment trust (Reit) achieved a distribution per unit (DPU) of 1.35 cents for the third quarter ended May 31, it said on Friday.

This was 3.1 per cent higher than the forecast DPU for the period.

SPH Reit owns the upscale Paragon mall in Orchard and The Clementi Mall.

 
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