Suntec Real Estate Investment Trust has announced a distribution income of $47.7 million for the period April 1 to June 30 June FY09 (2Q FY09), which was 13.5% higher compared to the quarter ended June 30, 2008 (2Q FY08). The DPU of 2.977 cents for the quarter was 6.6% higher year-on-year.

Suntec REIT achieved gross revenue of $64.5 million for the quarter, which was 8.9% higher than in 2Q FY08. For the first half FY09, gross revenue rose 12.4% year-on-year to $129.4 million. This was attributed mainly to higher rents achieved for the Suntec City and Park Mall properties. As at June 30, the committed occupancy for the overall office portfolio stood at 94.8%.