120 views
Logo from IREIT Global

Net property income of IREIT Global rises 2.3% YoY to €49.9m in FY23

Despite the increase in NPI, the REIT declared a lower distribution per unit.

SGX-listed IREIT Global saw a 2.3% YoY increase in its net property income (NPI) to reach €49.9m ($72.5m).

In the same period, the Europe-focused REIT recorded a 5.4% YoY higher gross revenue of €65.0m ($94.5m).

Despite higher revenue and NPI, the REIT recorded a 19.2% YoY lower distributable income of €25.2m ($36.6m).

It also declared a 30.5% YoY lower distribution per unit of €0.0187 ($0.027).
 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

Singapore greenfield FDI projects in Dubai rise 22% in 2025
Singapore ranked seventh among Dubai’s source markets, with 33 announced projects worth $265m.
Markets & Investing
Landed home sales ease to $5.4b in 1H 2026
Prestige landed properties remained resilient, with transaction value rising 19.3% YoY.
Residential Property
Monday Wrap: GDP upgrade, cyber blind spots, and art shift
Mixed signals as hiring softens, wealth competition rises, and tech AI gains continue.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.