0.58 euro cents per unit for the period from Jan 1 to March 4 has already been paid out in the cumulative distribution to CEREIT unitholders on March 31, prior to the issue of the new units.
Cromwell European REIT (CEREIT) has reported a 6.5% y-o-y decline in income available for distribution to unitholders to EUR21.7 million ($34.9 million) in its 1QFY2021 ended March business update.
Distribution per unit (DPU) for the 1QFY2021 stood at 0.83 euro cents, down 9.1% y-o-y in tandem with the lower distributable income as well as the timing of the investment of private placement proceeds raised in March to offset the additional weighted average units on issue.
