News: CMA Centuria Metropolitan REIT to acquire commercial office assets in Perth, page-4

Yes, it does. Taking the nominal dpu payout of 18.1c after the acquisition and the placements and the offers :-

1) If I remained at my current average price of $2.20, my yield would be at 8.23%.

2) Post-REO exercise, my average price increases to 2.35. Hence, my yield would be lower at 7.70% only. But in an absolute sense, I would be getting more dividends since I am owing more units from the entitlement.