Cromwell E-Reit posts 10-month DPU above forecast

Singapore

CROMWELL European Reit (Cromwell E-Reit) on Wednesday reported that its distribution per unit (DPU) for the 10 months ended Sept 30 was 3.61 euro cents, beating its forecast by 1.9 per cent.

Revenue for the pan-European industrial and commercial real estate investment trust (Reit) came in at 104.3 million euros (S$162.6 million), 2 per cent higher than the 102.3 million euros forecast in its prospectus when it listed in November 2017.