IREIT Global reported FY2025 gross revenue of EUR 50.4 million (-33.3%) and net property income of EUR 32.8 million (-38.7%), as results were affected by vacancy at Berlin Campus following the main tenant’s lease expiry on 31 December 2024 and the absence of other income from dilapidation cost recovered previously. Income to be distributed to unitholders was EUR 14.7 million (-42.7%), and distribution per unit was 1.09 euro cents (-42.6%). For 2H2025, IREIT Global posted gross revenue of EUR 23.9 million (-38.7%) and net property income of EUR 14.8 million (-44.1%), while income to be distributed to unitholders was EUR 5.1 million (-59.6%) and distribution per unit was 0.38 euro cents (-59.6%). Finance costs were EUR 8.2 million in FY2025 (+10.6%) and EUR 4.6 million in 2H2025 (+23.5%). Portfolio occupancy was 89.4% as at 31 December 2025 (88.5% a year earlier), or 72.7% including Berlin Campus. The first phase of the Berlin Campus repositioning is targeted for completion in Q2 2027, with funding cited from S$85.0 million green notes issued in May 2025, a EUR 20.0 million facility secured in October 2025, and a EUR 12.5 million shareholder loan from joint sponsor City Developments Limited in December 2025. IREIT Global said it refinanced its German portfolio in October 2025 to extend maturity to July 2029 and is targeting to finalise refinancing for its Spanish portfolio in 2H2026; it also said it secured a 10-year lease with a federal tenant at Darmstadt Campus in Q1 2026, expected to lift occupancy at the property from 41.3% to almost 60%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IREIT Global published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BR852LM3QXWK7JNA) on February 26, 2026, and is solely responsible for the information contained therein.