“The underlying strength of Europe’s economy and real estate market bodes well for our existing portfolio. This stability will provide a good foundation to grow IREIT’s long term stable income as well as our asset base in the office, retail and industrial (including logistics) sectors.
Sustained economic growth in Europe, decreasing vacancy rates and attractive yield spreads will back our efforts to expand, particularly in Germany, France and Italy. We are presently looking into a number of opportunities and plan to diversify by asset class, country (within Europe), tenant and lease expiry. A broader and larger portfolio will enhance IREIT’s long term recurring income and earnings visibility. ”
Mr Aymeric Thibord, Chief Executive Officer
1.44 cents SGD (1Q 2017)