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IREIT Global's 3Q DPU unchanged at 1.42 cents after hedging; says no more lease expiries in 2019

Michelle Zhu
Michelle Zhu11/12/2018 06:17 PM GMT+08  • 2 min read
IREIT Global's 3Q DPU unchanged at 1.42 cents after hedging; says no more lease expiries in 2019
SINGAPORE (Nov 12): The manager of IREIT Global has announced a 3Q18 distribution per unit (DPU) of 1.42 cents, unchanged from a year ago in SGD terms after taking into account forward foreign currency exchange contracts entered into to hedge against curr
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SINGAPORE (Nov 12): The manager of IREIT Global has announced a 3Q18 distribution per unit (DPU) of 1.42 cents, unchanged from a year ago in SGD terms after taking into account forward foreign currency exchange contracts entered into to hedge against currency risks for distribution to unitholders.

In terms of the euro currency alone, DPU for 3Q was 0.88 euro cent, down 4.2% from 0.92 euro cent in the same period a year ago.

Gross revenue for the quarter fell 1.2% to 8.6 million euros from 8.7 million euros in 3Q17, mainly due to the finalisation of service charge reconciliation in the prior year.

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