SPH REIT's NPI down 1.9% to $40.98m in Q4

Submitted By:  Luz Wendy Noble Case Study:  No DPU inched up 0.7% to $0.143. Singapore Press Holdings Real Estate Investment Trust (SPH REIT) saw its net property income (NPI) slip 1.9% YoY in its FY2018 Q4 to $40.98m, an announcement revealed. Its gross revenue hit $52.96m, up 0.2% YoY. Meanwhile, distribution per unit (DPU) grew 0.7% to $0.143 For its FY2018 which ended in August, NPI fell 1.2% YoY to $166m from $168m in FY2017. Meanwhile, revenue and DPU inched up 0.4% and 0.2% YoY to $211.8m and $0.554, respectively. read more