PETALING JAYA: Sunway Real Estate Investment Trust (Sunway REIT) net property income (NPI) rose 21.9% year-on-year (y-o-y)to RM74.3mil in the third quarter ended March 31, 2012, on stronger assets contribution.
Sunway REIT's NPI for its initial portfolio of eight assets expanded by 9.6% y-o-y with Sunway Pyramid Shopping Mall's NPI grew 12.3% for the quarter under review compared with the previous corresponding period, it said in a statement.
Distribution income rose 10.4% y-o-y to RM50.4mil, translating into quarterly distribution per unit (DPU) of 1.87 sen. For the nine months period, it declared DPU of 5.61 sen translating into annualised distribution yield of 6.0% based on Sunway REIT's unit closing price of RM1.25 as at March 31.
By The Star
Thursday, April 26, 2012
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