Shares & Derivatives
IREIT Global’s 2H FY23 Result Review
By REIT-TIREMENT  •  March 7, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have improved YoY due to the recognition of dilapidation costs, which are accounted for on a straight-line basis from June 2023 to December 2024. Income available for distribution has declined YoY primarily due to higher property expenses, higher finance costs, higher tax expenses and rent-free provision for tenants at Bonn Campus and Darmstadt Campus. DPU has declined to a greater extent due to an increase in units from a preferential offer. Rental Reversion Rental reversion is at 0.5%. Acquisition & Divestment IREIT acquired 17 retail properties in France in September 2023 and divested a Spanish office building in January 2024. Related Parties Shareholding The REIT sponsor holds a relatively high proportion of shares, while the REIT manager and directors of the REIT manager hold a relatively low proportion. Lease Profile While the WALE is long and all properties are freehold, the committed occupancy...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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