EC World REIT has reported a sharp deterioration in its financial performance for the first quarter ended 31 March 2025.
The REIT’s gross revenue plunged 49.9% year-on-year to SGD12.7 million and net property income (NPI) fell 53.7% to SGD10.8 million.
The REIT declared no distribution to unitholders for the quarter, extending a suspension that began in the second half of FY2024 due to insufficient funds.
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