Sentral REIT Management achieved a net income and distributable income of RM73.6 million for the full year ended 31 December 2022.
This is 12.9% lower compared to the realised net income and distributable income of RM84.49 million recorded for the financial year ended 31 December 2021. The group attributed the lower realised net income mainly attributable to lower revenue contributions from Wisma Technip and Quill Building 2, it was also lower due to the one-off gain on divestment of Quill Building 5 recorded in FY2021. Correspondingly, earnings per unit and distributable income per unit of 6.87 sen for FY2022 was achieved.
The DPU declared is 6.82 sen and is 8.0% lower compared to the FY2021 DPU of 7.41 sen (which included the one-off gain from the divestment of Quill Building 5). The 6.82 sen translates to a distribution yield of 7.62% based on the closing price of RM0.895 per unit as of 30 December 2022. It consists of an interim distribution of 3.40 sen which was paid to SENTRAL unitholders on 6 September 2022 and the proposed final distribution of 3.42 sen for the six-month period ended 31 December 2022.
The proposed final distribution of 3.42 sen is expected to be paid in 28 February 2023.
