While core distributable income rose by 12.5% y-o-y to $130.6 million, total distributable income was offset by additional funding for the acquisitions and lower capital gains distribution on a y-o-y basis.
Gross revenue for the nine months ended Sept 30 grew by 22.7% y-o-y to $334.5 million, mainly due to contributions from ESR Yatomi Kisosaki Distribution Centre and 20 Tuas South Ave 14 for the full period. Both properties were acquired in November 2024.
Net property income (NPI) was up by 28.6% y-o-y to $247.8 million for the same reasons.
