ESR-REIT posts DPU increase by 4.1% to 1.004 cents

SINGAPORE (Oct 26): ESR-REIT announced that its DPU for 3Q18 has increased by 4.1% to 1.004 cents compared to 0.964 cents in 3Q17.

Amount available for distribution grew by 26.0% to $15.9 million from $12.6 million in the previous year.

Gross revenue for the quarter was 19.4% higher at $32.4 million, as compared to $27.1 million a year ago, attributed to the contributions from two acquisitions at 8 Tuas South Lane and 7000 Ang Mo Kio Avenue 5 (7000 AMK) acquired in Dec 2017.

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