Summary: IREIT Global reported a 26% decrease in DPU for 1HFY2025 due to the full vacancy of Berlin Campus, which is being converted from office to hospitality use. The REIT signed new leases in Spain, raising occupancy to 80%, and expects continued improvement in the European real estate market. Refinancing agreements for assets in Germany and Spain are expected to be finalized in 3QFY2025.

Link: https://www.theedgesingapore.com/capital/reits/ireit-global-1hfy2025-dpu-down-26-y-o-y-refurbishment-works-berlin-campus-kicks