MP REIT Reports DPU Of 1.78 Cents For Q2

Source : Channel NewsAsia, 30 July 2008

Macquarie Prime Real Estate Investment Trust (MP REIT) has booked a second-quarter distributable income of S$17.2 million.

That works out to a distribution per unit of 1.78 cents - an increase of almost 19 per cent compared to a year ago.

Gross revenue hit S$30.2 million, up 28 per cent year-on-year.

This was driven by higher rental rates achieved for renewals, new committed leases and revenue from overseas properties.

Macquarie said it has inked an agreement with footwear giant Nike to set up its biggest and first directly-owned and managed concept store in Singapore and Southeast Asia in Wisma Atria before year-end. - CNA/ms