Ireit Global reports lower DPU for Q3

Ireit Global, a Europe-focused real estate investment trust, posted a distribution per unit (DPU) of 1.42 Singapore cents for the third quarter ended Sept 30, down from 1.57 Singapore cents previously.

For the quarter under review, gross revenue edged up 1.7 per cent year on year to 8.69 million euros (S$13.74) while net property income was 2.3 per cent higher at 7.85 million euros.

Income to be distributed to unitholders fell 8.6 per cent to 5.8 million euros.