Gross revenue in the FY2021 grew 5.0% y-o-y to $241.3 million mainly due to the absence of Covid-19 rental rebates to tenants. The higher revenue was also attributable to contribution from 46A Tanjong Penjuru, as well as the leasing up of certain properties during the year.
The manager of ESR-REIT has reported a distribution per unit (DPU) of 0.721 cents for the 4QFY2021 ended December, 2.7% lower than DPU of 0.741 cents in the same period the year before.
The fourth quarter’s DPU has brought FY2021 DPU to 2.987 cents, 6.7% higher than the DPU of 2.80 cents in the FY2020.
