Additional contributions from its newly-acquired property at 15 Greenwich, as well as the inclusion of Viva Trust’s portfolio of nine properties post ESR’s merger with Viva Industrial Trust, also helped to boost 4Q topline.
SINGAPORE (Jan 18): The manager of ESR-REIT posted a 4Q18 distribution per unit (DPU) of 1.005 cents, 8.2% higher than the 0.929 cents declared from a year ago.
Gross revenue in the latest quarter more than doubled to $58.4 million from $27.2 million in 4Q17, after registering full quarter contributions from ESR’s two acquisitions at 8 Tuas South Lane and 7000 Ang Mo Kio Avenue 5.
