Gross revenue was $24.7 million, an increase of $1.7 million or 7.5% compared to the pro-rated forecast. NPI was $21.8 million, an increase of $0.9 million or 4.1% compared to the pro-rated forecast.
In its outlook, EC World REIT’s manager says the six assets in the portfolio are expected to continue to achieve full occupancy and stable growth.
The REIT is expected to grow regionally through yield-accretive acquisitions from the pipeline of ROFR assets from the sponsor as well as third party logistics assets.
Units of EC World REIT last traded at 70 cents.
