{"id":429,"date":"2017-07-12T23:06:00","date_gmt":"2017-07-12T15:06:00","guid":{"rendered":"http:\/\/reits.yieldsavvy.com\/singapore\/?p=429"},"modified":"2017-07-16T14:50:32","modified_gmt":"2017-07-16T06:50:32","slug":"sph-reit-achieved-steady-performance-3q-2017","status":"publish","type":"post","link":"https:\/\/reits.yieldsavvy.com\/singapore\/2017\/07\/sph-reit-achieved-steady-performance-3q-2017\/","title":{"rendered":"SPH REIT achieved steady performance in 3Q 2017"},"content":{"rendered":"<blockquote><p>&#8220;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.&#8221;<\/p>\n<p>Ms Susan Leng, CEO<\/p><\/blockquote>\n<ul>\n<li>3Q 2017 DPU was 1.37 cents, an increase of 0.7% year-on-year<\/li>\n<li>Maintained 100% committed occupancy<\/li>\n<\/ul>\n<p><!--more--><\/p>\n<p>SPH REIT Management Pte. Ltd. (\u201cSPH RM\u201d or the \u201cManager\u201d), the Manager of SPH REIT, reported that gross revenue for the third quarter ended 31 May 2017 (\u201c3Q 2017\u201d) grew S$1.0 million (2.1%) to S$53.3 million, on the back of higher rental income. With proactive management of utility contract and other expenses, net property income (\u201cNPI\u201d) of S$42.2 million was S$2.1 million (5.4%) higher in 3Q 2017 compared to the same quarter last year (\u201c3Q 2016\u201d).<\/p>\n<p>Income available for distribution to unitholders increased by S$0.7 million (2.0%) to S$35.7 million for 3Q 2017. Distribution per unit (\u201cDPU\u201d) for 3Q 2017 was 1.37 cents, an increase of 0.7% against 3Q 2016. The aggregate DPU was 4.11 cents for the year-to- date ended 31 May 2017 (\u201cYTD 3Q 2017\u201d). The 3Q 2017 distribution will be paid to unitholders on 23 August 2017.<\/p>\n<p><a href=\"http:\/\/sphreit.listedcompany.com\/news.html\/id\/592770\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n<p>&nbsp;<\/p>\n<blockquote>\n<div class=\"page\" title=\"Page 1\"><a href=\"https:\/\/app.yieldsavvy.com\/reits\/singapore\/earnings-calendar\/\">Click here for complete list of Singapore REITs earnings calendar and results<\/a><\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;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 &#8230; <a title=\"SPH REIT achieved steady performance in 3Q 2017\" class=\"read-more\" href=\"https:\/\/reits.yieldsavvy.com\/singapore\/2017\/07\/sph-reit-achieved-steady-performance-3q-2017\/\" aria-label=\"Read more about SPH REIT achieved steady performance in 3Q 2017\">Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":"","footnotes":""},"categories":[40],"tags":[6,77],"class_list":["post-429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sphreit-sk6u","tag-financial-results","tag-sphreit-sk6u"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SPH REIT achieved steady performance in 3Q 2017 - YieldSavvy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reits.yieldsavvy.com\/singapore\/2017\/07\/sph-reit-achieved-steady-performance-3q-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPH REIT achieved steady performance in 3Q 2017 - YieldSavvy\" \/>\n<meta property=\"og:description\" content=\"&#8220;SPH REIT has continued to maintain its track record of 100% committed occupancy and delivered stable performance. 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