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IReit Global to pay out Q2 DPU of 1.45 Singapore cents

IREIT Global, a Europe-focused real estate investment trust, on Thursday announced a distribution per unit (DPU) of 1.45 Singapore cents for the second quarter ended June 30, down from 1.6 Singapore cents previously.

Income to be distributed to unitholders fell 9.5 per cent to 5.8 million euros (S$9.28 million). This was mainly due to the retention of part of the distributable income for the period, in accordance with IReit's current distribution policy, it said.

Gross revenue rose 4 per cent year on year to 8.82 million euros while net property income was 2.7 per cent higher at 7.85 million euros.

A DPU of 2.89 Singapore cents for the six-month period - down from 3.18 Singapore cents a year ago - will be paid out on Sept 15.

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