The manager of Cromwell European REIT (CEREIT) has declared distribution per unit (DPU) of 1.744 Euro cents (2.8 cents) for the 2HFY2020 ended December, 14.6% lower than DPU of 2.04 Euro cents for corresponding period the year before.

FY2020 DPU stood 14.6% lower at 3.484 Euro cents compared to the 4.08 Euro cents in FY2019, with base management and property management fees paid 100% in cash and distribution of divestment gain of 2.8 million euros from the total available divestment gain of 9.3 million euros from the divestments of Parc d’Osny on Oct 18, 2019, and 12 non-core assets in France, the Netherlands and Denmark on Mar 24, 2020.

On a like-for-like basis, FY2020 DPU fell 3.0% y-o-y to 3.484 cents from 3.59 cents.

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