The DPU will be paid together with the clean-up distribution of 0.187 cents for the period from April 1 to April 22 due to the merger between ESR-REIT and ARA LOGOS Logistics Trust (ALOG).
The manager of ESR-REIT has reported distribution per unit (DPU) of 0.723 cents for the 1QFY2022 ended March, 9.6% lower than the DPU of 0.8 cents in the corresponding period the year before.
The lower DPU was attributable to the enlarged unit base. In the 1QFY2022, the REIT had a total of 4.05 billion units compared to the 3.59 billion units in the 1QFY2021 due to the equity fund raising comprising a private placement of 268.8 million new ESR-REIT units and a preferential offering of 124.1 million new units in ESR-REIT, which were completed in May and August 2021 respectively.
