SPH REIT's NPI up 1.2% in FY2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No This was thanks to newly-acquired assets in Australia. SPH REIT's net property income (NPI) remained resilient for its fiscal year 2020, registering a 1.2% climb to reach $181.9m (US$133.7m), the company said in a media briefing. This was the result of added contribution from newly-acquired assets in Australia which more than offset the declined contribution from Singapore assets brought about by COVID-19. read more