First Reit keeps Q3 DPU steady at 2.15 cents

Singapore

HEALTHCARE real estate investment trust First Reit will pay out a distribution per unit (DPU) of 2.15 Singapore cents for the third quarter, unchanged from the same period the year before, manager Bowsprit Capital Corp said on Wednesday.

Distributable income was up by 1.3 per cent year on year to S$17.2 million for the three months to Sept 30, even as net property income slipped by 2.5 per cent to S$28.2 million on higher property expenses in South Korea and Indonesia.