First Reit's Q3 DPU up on contribution from Kupang Property

Singapore

CONTRIBUTION from the Kupang Property comprising Siloam Hospitals Kupang and Lippo Plaza Kupang acquired in December 2015 helped lift healthcare real estate investment trust First Reit's third quarter earnings.

The Reit, which owns 17 properties in Indonesia, Singapore and South Korea, on Wednesday posted distribution per unit (DPU) of 2.12 Singapore cents for the three months ended September 2016.

This is 1.9 per cent higher …