Staff Reporter
,
Singapore
It divested 11 non-core assets.
ESR-LOGOS REIT's net property income fell by 6.5% YoY to $192.7m in Q3 2024.
Gross revenue declined in tandem, dropping 6.3% YoY to $272.5m.
The REIT attributed the decline to 11 non-core assets divested in FY2023 and Q2 2024.
Proceeds from the divestments are still pending deployment.
Excluding the divested assets, NPI and gross revenue would have increased by 1.2% YoY and 1.9% YoY, respectively.
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