Cromwell European REIT property in Amsterdam, De Ruijterkade 5 (Photo: Google Maps)

Singapore-listed Cromwell European REIT has reported an adjusted distribution per unit (DPU) of 4.70 Euro cents for the 13-month period between 30 November 2017, and 31 December 2018, beating forecast made during its initial public offering (IPO) by 1.4%.

The figure has been adjusted for the enlarged unit base, arising from the 38-for-100 rights issue exercise that was conducted in late-2018.

The issue introduced some 600 million new units of the REIT into the market.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.