For the 9MFY2024, distributable income fell by 8.9% y-o-y to EUR60.4 million mainly due to the REIT’s divestments and higher interest costs.
Cromwell European REIT (CEREIT) has reported a distributable income of EUR20.8 million ($29.9 million) for the 3QFY2024 ended Sept 30, 7.8% lower y-o-y.
Gross revenue for the quarter rose by 0.6% y-o-y to EUR53.9 million while net property income (NPI) increased by 7.0% y-o-y to EUR34.5 million.
