Brief: Suntec Real Estate Investment Trust Says Distributable Income Of S$68.7 Million For 1Q 22

Suntec Real Estate Investment Trust

26/04/2022 02:58

April 26 (Reuters) - Suntec Real Estate Investment Trust
 SUNT.SI :
    * DISTRIBUTABLE INCOME OF S$68.7 MILLION FOR 1Q 22, UP 18.2%
    * DPU OF 2.391 SG CENTS FOR 1Q 22 WAS 16.9% HIGHER YOY
    * POSITIVE RENT REVERSION EXPECTED TO BE MODERATED DUE TO
HIGH
EXPIRY RENTS
    * OFFICE INCOME EXPECTED TO REMAIN STRONG DRIVEN BY
CUMULATIVE
POSITIVE RENT REVERSION ACHIEVED IN PAST 15 QTRS
    * REVENUE IS EXPECTED TO REMAIN STABLE ACROSS AUSTRALIA
PORTFOLIO

Source text for Eikon:  ID:nSN9JQ3l1 
Further company coverage:  SUNT.SI 

 ((Reuters.Briefs@thomsonreuters.com;))