SPH REIT gross revenue up 10.8% to $66.6m in Q1 FY2021

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No The rise was attributed to a $12.8m contribution from Westfield Marion. SPH REIT reported a 10.8% YoY increase in gross revenue to reach $66.6m in Q1 FY2021, the REIT stated in its latest business update. The rise was largely attributed to its Australian shopping complex property Westfield Marion’s revenue contribution at $12.8m. The REIT announced a distribution per unit (DPU) of 1.2 cents ($0.012), a 13% YoY decrease compared to Q1 FY2020 or pre-COVID period, but more than double or 122% YoY higher than the DPU in Q4 FY2020. read more