Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI have improved YoY due to the recognition of dilapidation costs, which are accounted for on a straight-line basis from June 2023 to December 2024. Income available for distribution has declined YoY primarily due to higher property expenses, higher finance costs, higher tax expenses and rent-free provision for tenants at Bonn Campus and Darmstadt Campus. DPU has declined to a greater extent due to an increase in units from a preferential offer.
Rental Reversion
Rental reversion is at 0.5%.
Acquisition & Divestment
IREIT acquired 17 retail properties in France in September 2023 and divested a Spanish office building in January 2024.
Related Parties Shareholding
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The REIT sponsor holds a relatively high proportion of shares, while the REIT manager and directors of the REIT manager hold a relatively low proportion.
While the WALE is long and all properties are freehold, the committed occupancy
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