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ESR-REIT records 8.2% higher 4Q DPU of 1.005 cents with enlarged portfolio

Michelle Zhu
Michelle Zhu1/18/2019 08:13 AM GMT+08  • 3 min read
ESR-REIT records 8.2% higher 4Q DPU of 1.005 cents with enlarged portfolio
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.
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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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