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First Reit posts 2.5% rise in Q4 DPU, lifted by acquisitions

"The trust ended the financial year with an enlarged portfolio of 17 properties and an 8.5% growth in AUM to S$1.27b from S$1.17b . . . unitholders can look forward to continuous growth as the trust plans to further expand our asset size." - Ronnie Tan, CEO of First Reit's manager


MAINBOARD-LISTED First Reit (real estate investment trust) has posted a 2.5 per cent rise to 2.09 Singapore cents in distribution per unit (DPU) for the fourth quarter of 2015, lifted by revenue from new acquisitions. It will be paid on Feb 29.

This brings annualised DPU...