IREIT Global sees 26% drop in DPU in H1
The decline is attributed to the full vacancy of the Berlin campus.
IREIT Global has reported a 26% year-on-year (YoY) income decline in the first half of 2025 (H1 2025) at $14.22m (€9.5m).
As a result, distribution per unit (DPU) for H1 2025 decreased by a similar 26% YoY to $1.06 (€0.71).
The group’s gross revenue decreased by 27.5% YoY to $39.82m (€26.6m) for H1 2025, whilst net property income fell by 33.3% over the same period to $26.95m (€18m).
According to IREIT Global, the decrease was mainly due to the full vacancy at the Berlin Campus and the absence of other income from the dilapidation cost paid by the main tenant at the property in the first half of 2024.
The book closure date for distributions is on 15 August, and the DPU will be paid by 28 August.
€1 = $1.5
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