ESR REIT's (SGX:J91U) distributable income rose by 1.4% in the first quarter to SG$44.8 million from SG$44.2 million a year earlier, according to a filing with the Singapore Exchange on Friday.
Net property income declined by 2.3% to SG$80.6 million from SG$82.5 million in the year-ago period.
Gross revenue edged down 0.4% year over year to SG$110.1 million from SG$110.5 million, following the divestment of two non-core assets in 2025.
The REIT reported an occupancy of 91.3% during the period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments