First Reit DPU 0.9% higher for Q3, revenue up 3.3%

Singapore

FIRST Real Estate Investment Trust posted a 0.9 per cent jump in distribution per unit (DPU) for the third quarter to 2.14 Singapore cents from 2.12 Singapore cents a year ago.

On the back of contribution from Siloam Hospitals Labuan Bajo (SHLB), which was acquired in December 2016, and higher rental income from existing properties in Indonesia, Singapore and South Korea, the Reit posted a 3.3 per cent increase in gross revenue to S$27.8 million.