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ESR-Reit Q2 DPU drops 11.3% as net property income falls

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Published Thu, Jul 13, 2017 · 09:50 PM

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ESR-Reit

Singapore

ESR-REIT's second-quarter net property income fell 9.2 per cent to S$19.2 million as it lost revenue and incurred costs from converting single-tenant properties into multi-tenant projects, the industrial real estate investment trust announced on Thursday before the market opened.

Also cited were higher maintenance costs and property divestments in FY2016.

ESR-Reit

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