IREIT's Major Tenant Will Vacate Property in 2022

News about IREIT Global

IREIT has been informed that Generalmietgesellschaft, a tenant who represents 11.0% of the trust gross rental income, will be vacating when its lease expires on 29 November 2022:

As the lease in relation to Darmstadt Campus will only expire in November 2022, the Manager does not expect any material impact on the distribution per unit of IREIT for the financial years ending 2021 and 2022.

IREIT Global
Price0.640 SGD
NAV0.500 EUR
Yield (4 quarters)6.98%
Gearing35.8%