SINGAPORE (Jan 18): The manager of ESR-REIT posted a 4Q18 distribution per unit (DPU) of 1.005 cents, 8.2% higher than the 0.929 cents declared from a year ago.
Gross revenue in the latest quarter more than doubled to $58.4 million from $27.2 million in 4Q17, after registering full quarter contributions from ESR’s two acquisitions at 8 Tuas South Lane and 7000 Ang Mo Kio Avenue 5.
Additional contributions from its newly-acquired property at 15 Greenwich, as well as the inclusion of Viva Trust’s portfolio of nine properties post ESR’s merger with Viva Industrial Trust, also helped to boost 4Q topline.
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