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IREIT Global posts 9.4% decline in 2Q DPU to 1.45 cents on forex losses

Michelle Zhu
Michelle Zhu8/10/2017 8:20 PM GMT+08  • 3 min read
IREIT Global posts 9.4% decline in 2Q DPU to 1.45 cents on forex losses
SINGAPORE (Aug 10): The manager of iREIT Global has declared a distribution per unit (DPU) of 1.45 cents for the 2Q17 ended June, down 9.4% from its 1.6 cents DPU in the same period a year ago.
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SINGAPORE (Aug 10): The manager of iREIT Global has declared a distribution per unit (DPU) of 1.45 cents for the 2Q17 ended June, down 9.4% from its 1.6 cents DPU in the same period a year ago.

This was after taking into consideration the forward foreign currency exchange contracts which the trust entered into to hedge the currency risk for distribution to unitholders, says the manager in a press release on Tuesday.

DPU in euro terms was 93 € cents, down 10.6% from 1.04 € cents for 2Q16.

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