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

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Mia Pei
Raphael Lim

Mia Pei &

Raphael Lim

Published Mon, Feb 26, 2024 · 08:53 AM
    • Cromwell E-Reit's distribution will be paid on Mar 28 after the record date on Mar 5.
    • Cromwell E-Reit's distribution will be paid on Mar 28 after the record date on Mar 5. PHOTO: CROMWELL EUROPEAN REIT

    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.

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