IREIT Reports 5.5% Rise in Its 2020 Full Year DPU
February 26, 2021 – IREIT Global reported a distribution per unit (DPU) of 5.03 Singapore cents at 2020’s close, 5.5 higher than the DPU seen in the same full year of 2019 at 4.77 Singapore cents.
Net property income for the second half of 2020 was up 13.2% year-on-year, while income available for distribution was up 17.7% over the same period.
IREIT said the increase was mainly due to the consolidation of the operating results of the Spanish properties, following the completion of acquisition of the balance 60% interest in the properties on 22 October 2020.
Mr Louis d’Estienne d’Orves, Chief Executive Officer of the Manager, said, “IREIT is well positioned for growth. Looking ahead, we will continue to pursue attractive investment opportunities in the office, retail and logistics space across Europe to further enhance IREIT’s long-term returns.”
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