The REIT pays out its distributions on a half-yearly basis in September and March, after its 1H and FY results announcements.
Cromwell European REIT (CEREIT) (SGX:CWBU
) has reported an indicative distribution per unit (DPU) of 4.12 Euro cents (5.978 cents) for the 1QFY2023, 2.4% lower y-o-y.
Excluding divestment gains for two of the REIT’s properties vacated for redevelopment, the REIT’s indicative DPU would’ve been at 3.90 Euro cents, 5.8% lower y-o-y. On a like-for-like basis, however, the quarter’s DPU remained “resilient”.
