First Reit declares record DPU of 2.02 cents for Q3
FIRST Real Estate Investment Trust (First Reit) has posted a record distribution per unit (DPU) of 2.02 Singapore cents for the third quarter ended September.
This is a 3.1 per cent year-on-year increase, on the back of distribution to unitholders increasing 6.1 per cent to S$14.7 million.
Net property income (NPI) for the third quarter rose 7.9 per cent to S$23.5 million from S$21.7 million a year ago, said the healthcare Reit yesterday.
On a nine-month basis, First Reit's gross revenue rose 14.7 per cent from S$60.4 million to S$69.4 million, while NPI rose 16.7 per cent from S$58.6 million to S$68.3 million. Distributable income rose 13.5 per cent to S$43.3 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq