IREIT Global 1HFY2024 DPU up 3.2% y-o-y to 0.96 Euro cents despite 0.2% increase in unit base

Europe-focused IREIT Global (SGX:UD1U) has posted distribution per unit (DPU) of 0.96 Euro cents (1.39 cents) for 1HFY2024 ended June 30, 3.2% higher y-o-y. This is despite a 0.2% increase in unit base, following acquisition fees paid in the form of 2,847,629 units issued in September 2023 and a preferential offering in July 2023.

The record date is Aug 15 and distributions will be paid on Aug 28.