IREIT Global Group

IREIT Global declares 7.6% lower 4Q DPU of 1.46 cents

SINGAPORE (Feb 14): The manager of IREIT Global has declared a DPU of 1.46 cents for 4Q17, 7.6% lower than the distribution of 1.58 cents in 4Q16.

This brings FY17 DPU to 5.77 cents, 8.8% lower compared to the DPU of 6.33 cents declared in FY16.

IREIT Global Group says net property income and distributable income grew by 0.3% and 3.1% year-on-year, respectively, to EUR7.9 million ($12.9 million) and EUR6.6 million in 4Q17.

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.

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.

IREIT Global's manager says no plans on taking REIT private

SINGAPORE (June 1): IREIT Global’s manager, IREIT Global Group, says it is not aware of any plans that Tikehau may have of taking the REIT private, contrary to local media reports on Wednesday.

The REIT manager also said it not was not involved in any privatisation talks.

Tikehau had on May 25, entered into a non-binding offer to acquire 80% of the shares in the manager.

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