ESR-REIT's Distributable Income Edges Up in January-September Period; Gross Revenue Down

MT Newswires10-27 12:05

ESR-REIT's (SGX:9A4U) distributable income for the nine months ended Sept. 30 rose to SG$136 million from SG$134.6 million a year earlier, according to a Tuesday filing with the Singapore Exchange.

The REIT did not disclose distribution per unit figures.

Net property income fell during the period to SG$237.5 million from SG$247.8 million a year ago.

Gross revenue was down year-over-year to SG$329.6 million from SG$334.5 million.

Occupancy stood at 91.7% at the end of the reporting period.

Shares of the REIT fell nearly 2% in Tuesday trading.

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