ESR-REIT has reported distribution per unit (DPU) of 0.712 cents for the 3QFY2021 ended September, 1.7% higher than DPU of 0.700 cents in the corresponding period the year before.

Gross revenue for the period grew 7.2% y-o-y to $61.1 million, while net property income (NPI) increased by 8.6% y-o-y to $43.9 million. The higher figures were due to the absence of Covid-19 rental rebates to tenants during this quarter, as well as contributions from 46A Tanjong Penjuru.

Accordingly, 3QFY2021 distributable income grew 15.1% y-o-y to $28.6 million, mainly due to the higher NPI. The higher distributable income was also attributable to contribution from ESR-REIT’s investment in 10% interest in ESR Australia Logistics Partnership.

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