IREIT reports lower DPU of 1.87 euro cents for the FY2023, a 30.5% y-o-y decline

Europe-focused IREIT Global (SGX:UD1U) has reported a lower distribution per unit (DPU) of 1.87 euro cents for the FY2023 ended Dec 31, 2023, down 30.5% y-o-y based on the total issued units as at Dec 31. 

However, taking into account the enlarged units following the preferential offering of 186,098,518 units issued on Jul 19, 2023 and acquisition fees paid in units on Sept 27, 2023, the decrease in DPU is slightly smaller at 19%.