First Reit Q2 DPU up 1.4% to 2.14 Singapore cents

FIRST Reit, a real estate investment trust which owns a portfolio of mostly Indonesian hospitals, said on Monday that distribution per unit (DPU) for its second quarter ended June 30, 2017, was 2.14 Singapore cents, up 1.4 per cent from 2.11 Singapore cents a year ago.

Gross revenue was rose 3.3 per cent to S$27.5 million, while net property income was up 3.2 per cent to S$27.2 million.

Net asset value at end-June was S$1, down from S$1.01 at end-2016.

First Reit last traded at S$1.335, down half a cent.