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Stoneweg Europe Stapled Trust's DPS Up 1.5% in Q1

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Stoneweg Europe Stapled Trust's (SGX:SET) indicative distribution per stapled security, or DPS, was up 1.5% in Q1 to 0.03423 euros from 0.03374 euros a year earlier, according to a Tuesday filing with the Singapore Exchange.

Distributable income edged up 0.4% to 19.0 million euros from 18.9 million euros.

Net property income fell 1.3% to 33.1 million euros compared with 33.5 million euros a year earlier.

Gross revenue declined 1.3% year over year to 52.9 million euros from 53.6 million euros.

Portfolio committed occupancy came in at 92.8%, backed by positive rental reversion of 3.9%.

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