08-07-2022, 10:16 AM
SPH Reit : SK6U +2.21% SPH REIT posted a 5.1 per cent increase in distribution per unit to 1.45 Singapore cents for the third quarter ended May 31, 2022, from 1.38 Singapore cents a year ago. This gives it an annualised distribution yield of 5.8 per cent.
In its business update released on Jul 7, the real estate investment trust’s (Reit’s) manager noted that year-to-date third quarter gross revenue rose 0.9 per cent year-on-year to S$211.6 million.
It attributed this to high Covid-19 vaccination rates and the easing of safe distancing measures that helped to stabilise portfolio performance.
In its business update released on Jul 7, the real estate investment trust’s (Reit’s) manager noted that year-to-date third quarter gross revenue rose 0.9 per cent year-on-year to S$211.6 million.
It attributed this to high Covid-19 vaccination rates and the easing of safe distancing measures that helped to stabilise portfolio performance.
