ESR-Reit DPU up 14.8% to 0.8 cent in Q1

Singapore

ESR-REIT on Thursday posted a core distribution per unit (DPU) of 0.8 Singapore cent for the three months ended March 31, up 14.8 per cent from 0.697 cent the year before.

Gross revenue was up 4.4 per cent to S$60.3 million for the first quarter, from S$57.8 million the year prior. This was mainly due to the absence of provision for Covid-19 rental rebates to tenants and lower property expenses, the manager said in a bourse filing on Thursday.