Data from SPH REIT’s latest disclosure is updated in the Singapore REITs table.

SPH REIT has reported a 5.1% increase in its distribution per unit (DPU), which came in at 1.45 Singapore cents for its 3Q 2022.

The REIT’s gross revenue for the period rose 0.9% year-on-year to SGD211.6 million.

SPH REIT has attributed this rise to the easing of safe distancing measures, which bolstered the performance of its malls.

Overall, sales at its malls in Singapore and Australia rose by approximately 12% and 2% year-on-year respectively.

As at 31 May, SPH REIT’s occupancy was at 97.6% with weighted average lease expiry (WALE) by net lettable area at 5.4 years.

The distribution will be paid on 29 August with the record date on 18 July.

SPH REIT was last done on the Singapore Exchange at SGD0.93, which presently implies a distribution yield of 5.76% according to data on the Singapore REITs table.