ESR Reit's Q1 DPU jumps 19% after Viva Industrial Trust merger
Singapore
INDUSTRIAL landlord ESR Reit saw an 18.9 per cent jump in distribution per unit (DPU) to 1.007 Singapore cents for its first quarter, on the back of contributions from Viva Industrial Trust's properties post-merger.
The results gave a lift to ESR units, which closed up 2 per cent or one cent at S$0.51 on Wednesday.
Net property income for the three months to end-March surged 104.2 per cent to S$48.6 million from S$23.8 million a year ago, thanks to the acquisition of 15 Greenwich Drive and nine prop…
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