ESR-REIT has announced a distribution per unit (DPU) of 2.119 cents for FY2024, reflecting a 17.4% year-on-year decline.
The decrease was attributed to the loss of income from the divestment of non-core assets, the decommissioning of 2 Fishery Port Road, and lower capital gains distribution.
Additionally, an enlarged unit base from a 2023 equity fund raising further diluted the DPU, the REIT noted in its 24 January statement on the results.
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