Cromwell European REIT: Surpasses IPO Forecasts For Eighth Consecutive Quarter, FY2019 DPU Of 4.08 Euro Cents Up 8.8% Year-On-Year.

25 Feb 2020 08:38

FY 2019 DPU up 8.8% year-on-year and 1.5% on IPO Forecast; strong performance due to contributions from newly acquired properties and better leasing outcomes from the light industrial / logistics portfolio. 3.7% rent reversion across new leases in FY 2019 with lift in occupancy to 93.2%. Total shareholder return of 32.0% in FY 2019, approximately 6.5 and 22.5 percentage points higher than that for the FTSE ST REIT Index and the Straits Times Index, respectively. FY 2020 DPU expected to be at or above FY 2019 DPU, barring unforeseen circumstances...

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Source: ShareInvestor Express