IREIT Global's (SGX:UD1U) distribution per unit or DPU during the first half of the year fell 26% to 0.0071 euros from 0.0096 euros a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the company were down nearly 2% in recent trading.
Income to be distributed to unitholders fell 26% to SG$9.5 million euros from 12.9 million euros.
Net property income plunged 33% to 18.0 million euros from 27.0 million euros a year earlier.
Gross revenue declined 28% year over year to 26.6 million euros from 36.6 million euros, due to the full vacancy at Berlin Campus from Jan. 1.