NTT DC Reit posts H2 DPU of US$0.0387, beating IPO forecast by 2.4%
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NTT DC Real Estate Investment Trust reported a second half distribution per unit (DPU) of US$0.0387, exceeding its IPO forecast by 2.4%. Revenue for the half-year reached US$115.3 million, surpassing the IPO estimate of US$112.1 million. The net property income (NPI) was US$52.4 million, beating the forecast by 2.5%. For the full year, gross revenue was US$164.8 million, and full-year DPU was US$0.0556, also above expectations. The manager highlighted strong leasing demand and strategic initiatives, while remaining cautious of geopolitical uncertainties.
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