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Virus has 'minimal impact' on Europe income: Cromwell E-Reit

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Fiona Lam

Fiona Lam

Published Fri, Mar 13, 2020 · 09:50 PM

Singapore

THE manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) said the novel coronavirus outbreak has had "minimal impact" so far on its income from properties in Italy and the wider European region.

The manager also expects distribution per unit (DPU) for FY2020 to remain at the FY2019 level, taking into account the current circumstances and having put in place the appropriate risk-mitigation measures. The DPU for FY2019 came in at 4.08 euro cents, up 8.8 per cent on the year.

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