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Starhill Global Reit H1 DPU flat at S$0.018
['Young Zhan Heng']
The Business Times
PHOTO: BT FILE[SINGAPORE] The manager of Starhill Global Real Estate Investment Trust (Reit) on Thursday (Jan 29) posted a distribution per unit (DPU) of S$0.018 for the first half ended Dec 31, flat compared to the year-ago period.
Revenue also remained unchanged at S$96.3 million for the first-half period, compared to the corresponding period in the previous year.
Francis Yeoh, chairman of Starhill Global noted that the Reit will focus on maintaining a strong balance sheet and delivering high-quality earnings.
The company will further strengthen the balance sheet through ongoing capital recycling, said Ho Sing, chief executive officer of Starhill Global.
Units of Starhill Global rose 0.9 per cent or S$0.005 to S$0.595 on Thursday, before the results were released.