Rent declines hit ESR Reit's Q4, full-year DPU
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Singapore
RENEWED leases that were locked in at rates lower than their previous contracts led ESR Reit's fourth-quarter distribution per unit (DPU) to fall 6.7 per cent to 0.929 Singapore cent.
For the three months ended Dec 31, 2017, gross revenue fell 2.2 per cent to S$27.2 million, while net property income rose 1.2 per cent to S$19.9 million.
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