In FY2024, gross revenue fell by 4.1% y-o-y to $370.5 million while net property income (NPI) fell by 4.2% y-o-y to $261.7 million.
ESR-REIT has reported a distribution per unit (DPU) of 0.997 cents for the 2HFY2024 ended Dec 31, 2024, bringing its FY2024 DPU to 2.119 cents. On a y-o-y basis, the REIT’s 2HFY2024 DPU and FY2024 DPU declined by 15.9% and 17.4% respectively.
In 2HFY2024 and FY2024, the REIT reported losses of $113.7 million and $127.8 million respectively.
