On a same-store basis, gross revenue rose by 1.3% y-o-y due to positive rental reversion while NPI dipped by 0.2% y-o-y due to higher property tax and utilities expenses.
The manager of ESR-LOGOS REIT (SGX:J91U
) (E-LOG) has reported gross revenue of $89.0 million for the 1QFY2024 ended March 31, 8.9% lower y-o-y due to the divestment of 10 non-core assets in the FY2023.
Net property income (NPI) also fell by 10.8% y-o-y to $62.9 million.
