The 1H20 DPU is based on the manager’s base fee and property management fee being paid fully in cash, instead of partially via an issuance of units at a deep discount to net asset value (NAV) per unit.
The manager of Cromwell European REIT (CEREIT) announced on August 14 that it has declared a distribution per unit (DPU) of 1.74 Euro cents (2.824 Singapore cents) for 1H20 ended June.
The DPU for the period represents a 14.7% decline from the 2.04 Euro cents declared in 1H19.
