INDUSTRIAL landlord ESR Reit saw an 18.9 per jump in distribution per unit to 1.007 Singapore cents for its first quarter from 0.847 cent a year ago, on the back of contributions from Viva Industrial Trust's properties post-merger.
This growth was partially offset by the lease conversions from single to multi-tenancy for two properties.Total amount available for distribution to unitholders swelled 138.8 per cent to S$32 million from S$13.4 million.Portfolio occupancy forthe first quarter remained healthy at 92 per cent, above the JTC average of 89.3 per cent, said ESR Reit's manager.
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