First Reit Q2 net property income up 5%; DPU at 2.15 cents

Singapore

CONTRIBUTIONS from First Reit's latest assets - Siloam Hospitals Buton & Lippo Plaza Buton and Siloam Hospitals Yogyakarta, acquired in 2017 - as well as from the existing properties lifted results for the healthcare real estate investment trust, in its second quarter.

Distribution per unit (DPU) edged up to 2.15 Singapore cents from 2.14 Singapore cents in the year-ago period, the group said in a Singapore Exchange filing on Tuesday evening. That came as Q2 income available for distribution crept up 1.6 per cent to S$16.9 million fr…