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FINWIRES

ESR REIT's Distributable Income Up 1.4% in Q1

-- ESR REIT's (SGX:J91U) distributable income rose by 1.4% in the first quarter to SG$44.8 million from SG$44.2 million a year earlier, according to a filing with the Singapore Exchange on Friday.

Net property income declined by 2.3% to SG$80.6 million from SG$82.5 million in the year-ago period.

Gross revenue edged down 0.4% year over year to SG$110.1 million from SG$110.5 million, following the divestment of two non-core assets in 2025.

The REIT reported an occupancy of 91.3% during the period.

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