IREIT Global 2Q DPU rises 45.5% to 1.60 cents

SINGAPORE (Aug 10): IREIT Global announces distribution per unit (DPU) of 1.60 cents for 2Q16, an increase of 45.5% compared to the same period last year.

This was mainly due to contribution form IREIT’s Berlin Campus, which was acquired in August 2015.

The first Singapore-listed real estate investment trust focused on European office properties, IREIT Global saw distributable income soar 47.0% to 6.4 million euros ($9.6 million) in 2Q16, from 4.4 million euros last year.

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