Ireit Global has announced their first quarterly results this evening which I thought was pretty good and fell within my expectations. Readers who are new to the blog can read my recent Ireit AGM review here. The huge increase year on year and also with the forecast on the revenue and net property income was due to the recent acquisitions of the Berlin properties which yielded an NPI of 7.1% and was funded via debt and equity, but the overall distribution per unit was close to the forecast at EUR 1.04 cents. This was important to me because I wanted to make sure that operationally they were getting the rental they think would make sense and it is important that the amount has to be close to their forecast. In terms of their distribution per unit in Singapore dollar, it dropped 9.7% compared to forecast to ......