Suntec REIT’s net property income up 6.5% to $53m in Q4
Thanks to its robust office segment.
Suntec REIT reported that its net property income grew 6.5% year-on-year to $53m in Q4, backed by a 7.3% increase in revenue to $76.8m.
According to OCBC, Suntec REIT’s office segment continued to drive growth, with a committed occupancy rate of 100% and positive rental reversions.
For FY14, revenue rose 20.6% to $282.4m. Full-year DPU rose 0.8% to 9.4 cents.