Staff Reporter
,
Singapore
Logo from IREIT Global
Despite the increase in NPI, the REIT declared a lower distribution per unit.
SGX-listed IREIT Global saw a 2.3% YoY increase in its net property income (NPI) to reach €49.9m ($72.5m).
In the same period, the Europe-focused REIT recorded a 5.4% YoY higher gross revenue of €65.0m ($94.5m).
Despite higher revenue and NPI, the REIT recorded a 19.2% YoY lower distributable income of €25.2m ($36.6m).
It also declared a 30.5% YoY lower distribution per unit of €0.0187 ($0.027).
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!