Net property income (NPI) increased by 4.7% y-o-y to €67.3 million for the same reasons.
The manager of Cromwell European REIT (CEREIT) has reported a distribution per unit (DPU) of 8.695 Euro cents (12.288 cents), 2.3% higher y-o-y.
Gross revenue increased by 8.5% y-o-y to €107.4 million mainly due to contributions from the REIT’s newly-acquired light industrial assets, and partially offset by the absence of income from Via Nervesa 21 in Milan, Italy, which is currently undergoing redevelopment.
