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ESR-REIT posts 6.7% lower in 4Q17 DPU of 0.929 cent

Michelle Zhu
Michelle Zhu1/17/2018 07:32 AM GMT+08  • 3 min read
ESR-REIT posts 6.7% lower in 4Q17 DPU of 0.929 cent
SINGAPORE (Jan 17): The manager of ESR-REIT has declared a 4Q17 distribution per unit (DPU) of 0.929 cent, 6.7% lower compared to 0.996 cent in 4Q16.
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SINGAPORE (Jan 17): The manager of ESR-REIT has declared a 4Q17 distribution per unit (DPU) of 0.929 cent, 6.7% lower compared to 0.996 cent in 4Q16.

This brings FY17 DPU to 3.853 cents, down 7.7% from 4.173 cents in FY16.

Gross revenue for the full year fell 2.1% to $109.7 million compared to $112.1 million in the previous year, as only a part of the benefit was received from the acquisitions of 8 Tuas South Lane and 7000 Ang Mo Kio Ave 5 that were completed on Dec 13 and 14 2017.

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