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First Reit posts record Q1 DPU on new hospital contribution

It cites latest property, Siloam Sriwijaya in Palembang, for improved performance

The Reit currently owns 11 of the Siloam hospitals in Indonesia, operated by PT Siloam Hospitals, a healthcare provider and subsidiary of PT Lippo Karawaci, First Reit's sponsor.


FIRST Reit has delivered a record distribution per unit (DPU) of 2.06 Singapore cents for its first quarter ended March 31, 2015, compared to the 1.99 cents it paid a year ago.

Gross revenue rose 10.1 per cent to S$24.7 million, while net property income rose 9.3 per cent