First Reit improves Q1 DPU to 2.15 cents

DISTRIBUTION per unit for First Real Estate Investment Trust (First Reit) in its first quarter of 2018 edged up to 2.15 Singapore cents from 2.14 Singapore cents in the preceding year.

That came as Q1 income available for distribution for the healthcare Reit increased 1.8 per cent to S$16.9 million from the previous year.

Gross revenue increased 5.8 per cent to S$28.7 million, thanks to contributions from Siloam Hospitals Buton & Lippo Plaza Buton and Siloam Hospitals Yogyakarta, acquired in October and December 2017 respectively, as well as higher rental income from existing properties in Indonesia and Singapore.