Income available for distribution grew 1.4% to €6.5 million ($10.0 million), from €6.4 million a year ago. However, after accounting for €651,000 of income retained, income distributable to unitholders was 8.7% lower at €5.9 million.
SINGAPORE (May 11): The manager of IREIT Global posts distribution per unit (DPU) of 1.44 cents for the first quarter ended March, some 8.9% lower than DPU of 1.58 cents a year ago.
This was mainly due to the retention of part of the distributable income for the period, in accordance with IREIT's distribution policy.
