IREIT Global posted a 7.4% drop in 4Q DPU to 1.62 cents from its own forecast due to a larger than expected units base.
The actual available DPU was calculated based on 613.3 million units entitled to distribution, including the new units issued under a rights issue, while the forecast DPU was based on 428.1 million units entitled to distribution as disclosed in the IPO prospectus.
4Q distributable income stood at 6.46 million euros ($10.1 million), 47% higher than its forecast. Gross revenue of 8.6 million euros also was also 53% higher than forecast, due to the additional rental contribution from the Berlin Campus which was acquired in August.
For the full year, IREIT's available DPU stood at 5.24 cents, 25.2% below forecast due to a larger than expected units base. Gross revenue for the full year at 26.9 million euros was 19.5% higher than forecast, largely due to the additional rental contribution from the Berlin Campus.
IREIT closed 1.49% higher at 68 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The actual available DPU was calculated based on 613.3 million units entitled to distribution, including the new units issued under a rights issue, while the forecast DPU was based on 428.1 million units entitled to distribution as disclosed in the IPO prospectus.
4Q distributable income stood at 6.46 million euros ($10.1 million), 47% higher than its forecast. Gross revenue of 8.6 million euros also was also 53% higher than forecast, due to the additional rental contribution from the Berlin Campus which was acquired in August.
For the full year, IREIT's available DPU stood at 5.24 cents, 25.2% below forecast due to a larger than expected units base. Gross revenue for the full year at 26.9 million euros was 19.5% higher than forecast, largely due to the additional rental contribution from the Berlin Campus.
IREIT closed 1.49% higher at 68 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment