Ireit Global reports lower DPU for Q3
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Ireit Global, a Europe-focused real estate investment trust, posted a distribution per unit (DPU) of 1.42 Singapore cents for the third quarter ended Sept 30, down from 1.57 Singapore cents previously.
For the quarter under review, gross revenue edged up 1.7 per cent year on year to 8.69 million euros (S$13.74) while net property income was 2.3 per cent higher at 7.85 million euros.
Income to be distributed to unitholders fell 8.6 per cent to 5.8 million euros.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
