The manager of ESR-REIT attributes the higher distributable income to the higher net property income (NPI) and lower borrowing costs.
ESR-REIT recorded core distributable income per unit (DPU) of 0.8 cents for 1QFY2021 ended March, up 14.8% y-o-y from 0.697 cents, and up 8% q-o-q from 0.741 cents.
Total distributable income for 1QFY2021 grew 17.1% to $28.7 million from $28.5 million previously, according the REIT's 1QFY2021 business update.
