The decrease was due to the vacancy at Berlin Campus with effect from Jan 1, 2025 and the absence of other income from dilapidation cost recovered from the main tenant at Berlin Campus.
IREIT Global (SGX:UD1U
) has reported a distribution per unit (DPU) of €0.3 cents for 2HFY2025, down 59.6% y-o-y. On a full year basis (FY2025), DPU declined at a lower rate of 42.6% y-o-y to €1.09 cents.
Gross revenue for FY2025 decreased by 33.3% y-o-y to €50.4 million, while net property income decreased by 38.7% over the same period to €32.8 million.
