Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI declined YoY mainly due to lower income resulting from the divestment of  Bari Europa, Bari Trieste and Piazza Affari. Coupled with higher net finance costs, distributable income and indicative DPU declined YoY. Rental Reversion The rental reversion for 1Q 2024 stands at 9.2%. Divestment In 1Q FY23, CEREIT divested Grojecka 5. While in April, CEREIT divested Via Brigata Padova 19 and Grandinkulma. Development Redevelopment for Nervesa 21 was completed in January 2024 and is expected to be fully leased by 3Q 2024. Additionally, there are 4 development opportunities. Related Parties Shareholding The REIT manager and directors of the REIT manager hold a relatively low proportion of shares. Lease Profile The lease expiry is well spread and the weighted average land lease expiry is long. However, Income in SGD/major currencies is relatively low. Debt Profile The adjusted interest coverage ratio and fixed rate debt proportion are relatively high. Additionally, cost...