Suntec REIT has reported DPU of 7.035 cents for its FY2025 ended Dec 31, up 13.6% y-o-y, on the back of a 14.6% jump in distributable income to $207.3 million.
Gross revenue, meanwhile, was up 1.7% to $471.6 million.
Besides stronger operational performance of its Singapore office, retail and convention portfolio, the REIT enjoyed lower financing costs as well.
This helped offset the weaker performances of the overseas properties, specifically The Minster Building in London, and 55 Currie Street in Adelaide.
Chong Kee Hiong, CEO of the manager, says the results is a reflection of the "strength and resilience" of the REIT, driven by the continual growth in operating performances of the Singapore portfolio.
"We remain focused on pro-active disciplined execution of capital and portfolio management to deliver long-term value and sustainable growth to unit holders," he adds.
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Suntec REIT units closed at $1.42 on Jan 22.
