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Cromwell European REIT reports 2.3% higher 1HFY2022 DPU of 8.695 Euro cents

Felicia Tan
Felicia Tan8/12/2022 09:13 AM GMT+08  • 3 min read
Cromwell European REIT reports 2.3% higher 1HFY2022 DPU of 8.695 Euro cents
One of the REIT's properties in the Netherlands. Photo: CEREIT's manager
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The manager of Cromwell European REIT (CEREIT) has reported a distribution per unit (DPU) of 8.695 Euro cents (12.288 cents), 2.3% higher y-o-y.

Gross revenue increased by 8.5% y-o-y to €107.4 million mainly due to contributions from the REIT’s newly-acquired light industrial assets, and partially offset by the absence of income from Via Nervesa 21 in Milan, Italy, which is currently undergoing redevelopment.

Net property income (NPI) increased by 4.7% y-o-y to €67.3 million for the same reasons.

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