Starhill Global Reit's Q3 DPU up 5%

Singapore

STARHILL Global Reit on Thursday reported a distribution per unit of 1.27 Singapore cents for its third quarter ended Sept 30, 2014. This was 5 per cent higher than its DPU of 1.21 Singapore cents a year ago.

Net property income rose 4.1 per cent to S$39.6 million, thanks to lower operating expenses, positive rental reversions for the Singapore portfolio, and its David Jones Building in Perth, Australia.