Cromwell E-Reit reports 7% lower H2 DPU at 0.07903 euro

CROMWELL European Real Estate Investment Trust’s (Cromwell E-Reit) distribution per unit (DPU) fell by 7 per cent to 0.07903 euro for the second half-year ended Dec 31, 2023, from 0.08494 euro the year before.

Gross revenue was down 5.7 per cent to 108.1 million euros (S$157.1 million) for the half-year period, from 114.7 million euros in the year-ago period.

Net property income (NPI) fell 5.3 per cent on the year to 65.7 million euros, from 69.4 million euros.