Sentral REIT property, Menara Shell. (Photo: REITsWeek)Sentral REIT property, Menara Shell. (Photo: REITsWeek)

Sentral REIT has reported distribution per unit (DPU) of 7.41 sen for its FY2021.

This is 4.7% higher compared to the FY2020 DPU of 7.08 sen.

The FY2021 DPU of 7.41 sen translates to a distribution yield of 8.19% based on the closing price of MYR0.905 per unit as at 31 December 2021.

The REIT realised net income of MYR19.03 million for the fourth quarter of 2021.

This is 7.6% lower compared to the realised net income of MYR20.61 million recorded for the fourth quarter of 2020.

But for the full year ended 31 December 2021 Sentral REIT achieved a realised net income and distributable income of MYR84.49 million.

This is an increase of 4.4% compared to the realised net income and distributable income of MYR80.95 million recorded for the financial year ended 31 December 2020.

The higher realised net income was mainly attributable to lower finance cost and administrative expenses incurred, and the gain on divestment of Quill Building 5, said the REIT.

FY2021 DPU of 7.41 sen consist of an interim distribution of 3.43 sen which was paid to Sentral REIT’s unitholders on 20 September 2021 and the proposed final distribution of 3.98 sen for the six-month period ended 31 December 2021.

The distribution for the six-month period ended 31 December 2021 includes the distribution of gains from the divestment of Quill Building 5 which was completed in 2022.

The proposed final distribution of 3.98 sen is expected to be paid on 28 February 2021.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.