Suntec REIT’s net property income up 6.5% to $53m in Q4

Thanks to its robust office segment.

Suntec REIT reported that its net property income grew 6.5% year-on-year to $53m in Q4, backed by a 7.3% increase in revenue to $76.8m.

According to OCBC, Suntec REIT’s office segment continued to drive growth, with a committed occupancy rate of 100% and positive rental reversions.

For FY14, revenue rose 20.6% to $282.4m. Full-year DPU rose 0.8% to 9.4 cents.

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