Business
IREIT: Revenue and income fell on Berlin Campus vacancy, but refinancing and repositioning progress
IREIT: Revenue and income fell on Berlin Campus vacancy, but refinancing and repositioning progress
About this update from Ireit Global
Gross revenue and net property income declined sharply year-over-year due to Berlin Campus vacancy and absence of one-time income, while leverage increased and refinancing is underway. Portfolio occupancy improved in Spain, and green notes were issued to fund Berlin Campus repositioning.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.