First Reit Q3 DPU up 0.5% on boost from latest acquisitions

Singapore

FIRST Real Estate Investment Trust's (First Reit's) third-quarter distribution per unit (DPU) edged up 0.5 per cent to 2.15 Singapore cents for the three months ended Sept 30, from 2.14 Singapore cents a year ago, boosted by its newest acquisitions.

Gross revenue increased by 5.1 per cent to S$29.24 million and net property income (NPI) rose 5.4 cent to S$28.94 million, lifted by contributions from its purchase of Siloam Hospitals Buton & Lippo Plaza Buton and Siloam Hospitals Yogyakarta, as well as from existing properties. Meanwhile, the distributable amount rose 1.4 per cent year-on-year to S$16.94 million.