Singapore-listed Starhill Global Reit, which owns stakes in Wisma Atria and Ngee Ann City, says its distribution per unit for the second quarter rose 6.7 percent to 1.9 cents, from a year earlier.

Net property income for the three months to June climbed 16.4 percent to 27 million dollars.

This was mainly due to higher rates achieved for office renewals and new leases in Singapore, as well as higher revenue from its Chengdu property in China.

The property trust says occupancy for retail space in both Wisma Atria and Ngee Ann City remained high at around 98 percent in the quarter.

Occupancy for office space in the two properties meanwhile were above 90 percent.

Starhill says it will continue to concentrate on tenant retention and sustaining the appeal of its retail properties in terms of trade mix and offerings.

It adds that managing financing cost remain a key objective.