Cromwell E-Reit posts indicative Q3 DPU of 0.882 euro cent

Singapore

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) manager has reported an indicative distribution per unit (DPU) of 0.882 euro cent for the third quarter of this year, up 5.8 per cent quarter on quarter (q-o-q). In its business update on Tuesday, the Reit manager did not provide a year on year comparison, but compared to the reported DPU of 1.01 euro cents for Q3 last year, DPU is down 12.7 per cent.

The indicative DPU for Q3 2020 is based on a 100 per cent payout of the distributable income and takes into account no capital distribution, as well as base manager fees and property manager fees paid fully in cash, the manager noted.