SPH REIT reports 3QFY22 distribution of 1.45 cents per unit, up 5.1% y-o-y

Revenue in the same period was $211.6 million, up 0.9% y-o-y.

SPH REIT notes that its occupancy rate is maintained at 97.6% and weighted average lease expiry is kept at 5.4 years when measured according to net leasable area.

Gearing as at June 30 was 30.1%, which gives it plenty of debt headroom flexibility, with access to $225 million of undrawn credit lines.

SPH REIT closed at 91 cents, up 2.26% for the day and down 9.5% year to date.