New hospital boosts First Reit's Q2 DPU

Singapore

BOOSTED by a full quarter of contributions from a newly acquired hospital, First Reit reported distribution per unit (DPU) for its second quarter ended June 30, 2017, at 2.14 Singapore cents, up 1.4 per cent from 2.11 cents a year ago.

The real estate investment trust (Reit) owns a portfolio of mostly Indonesian hospitals. Last December, it acquired Siloam Hospitals Labuan Bajo, a 153-bed hospital in the tourist town of Labuan Bajo specialising in emergency medicine, internal medicine and neuroscience.