SPH REIT achieved steady performance in 3Q 2017

“SPH REIT has continued to maintain its track record of 100% committed occupancy and delivered stable performance. We remain committed to our management philosophy that treats the relationship with tenants as a partnership, focusing on sustainable returns for both tenants and landlord. We will continue to work closely with our tenants to ride through the challenges in the retail industry, including optimization of sales productivity, embracing the fast-changing consumer expectations, identifying opportunities in e-commerce and technology advancement. This firm partnership and the well-established positioning of our properties would underpin the long-term sustainability of SPH REIT.”

Ms Susan Leng, CEO

  • 3Q 2017 DPU was 1.37 cents, an increase of 0.7% year-on-year
  • Maintained 100% committed occupancy

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SPHREIT Financial Results Ending 28 Feb 2017

“SPH REIT has continued to deliver resilient financial and operating performance despite the prevailing economic headwinds and weak consumer sentiment. Working in close partnership with our tenants, both malls maintained its track record of 100% committed occupancy. We continue to curate a tenancy mix that will strengthen the positioning of each mall. Our tenants are the cornerstone of our business. Besides introducing new tenants to the malls, we proactively engage our tenants to rejuvenate their concepts and ambience of their stores. We strive to deliver stable and sustainable returns for Unitholders.”

Ms Susan Leng, CEO of SPH REIT Management Pte. Ltd.

  • 1.40 cents (2Q FY17, 1 Dec 2016 – 28 Feb 2017)
  • 17 Apr 2017 (Ex-date). 19 Apr 2017 (Record date). 22 May 2017 (Payment date)

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SPHREIT Financial Results Ending 30 Nov 2016

“We are pleased that SPH REIT has kept its growth momentum with steady distribution, 100% committed occupancy and positive rental reversion for both malls. The retail environment will remain challenging in 2017 amid modest economic growth and heightened uncertainties of the global environment. Our assets are well located with clear market positioning to serve us well in embracing the challenges ahead. We will continue to seek opportunities to create value and strengthen long-term sustainability of the properties.”

Ms Susan Leng, CEO of SPH REIT Management Pte. Ltd.

  • 1.34 cents (1Q FY17, 1 Sep 2016 – 30 Nov 2016)
  • 17 Jan 2017 (Ex-date). 19 Jan 2017 (Record date). 16 Feb 2017 (Payment date)

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