First Reit posts 2.5% rise in Q4 DPU, lifted by acquisitions

Singapore

MAINBOARD-LISTED First Reit (real estate investment trust) has posted a 2.5 per cent rise to 2.09 Singapore cents in distribution per unit (DPU) for the fourth quarter of 2015, lifted by revenue from new acquisitions. It will be paid on Feb 29.

This brings annualised DPU to 8.3 Singapore cents, up 3.1 per cent year- on-year, which represents an annualised distribution yield of 6.9 per cent, based on the closing price of S$1.20 on Dec 31, 2015.

Distributable income for the three months ended Dec 31, 2015…