FY24 distribution per unit (DPU) plunged 16.2% y-o-y.
- Together with a weaker CNY, the amount available for distribution in 2H24 dropped 10.3% y-o-y to CNY45.5m, while DPU fell 12% y-o-y to 2.64 Singapore cents. This is expected to be paid out on 27 Mar 2025.
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Broad-based improvements in occupancy, though rental reversions remained negative.
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