IREIT Global reports lower net property income for 3Q on higher maintenance expenses


IREIT Global has reported a distribution per unit (DPU) of 1.42 Singapore cents for its 3Q 2018, unchanged from the same period in the previous financial year.

The REIT’s gross revenue for the period was 1.2% lower year-on-year at EUR8.6 million (USD13.3 million), while its net property income and distributable income were 4.2% and 4.1% lower at EUR7.5 million and EUR6.2 million respectively

IREIT has attributed the declines in net property income mainly to an increase in repair and maintenance expenses.

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