First Reit's Q4 DPU unchanged from a year ago

Singapore

FIRST Real Estate Investment Trust's (First Reit) fourth-quarter distribution per unit (DPU) stayed flat at 2.15 Singapore cents for the three months ended Dec 31, 2018, unchanged from a year ago.

This is payable on Feb 28, 2019.

Gross revenue went up 2.7 per cent to S$29.3 million, supported by contributions from new properties acquired in FY2017 - Siloam Hospitals Buton & Lippo Plaza Buton and Siloam Hospitals Yogyakarta. This also helped to lift net property income, which went up 1.9 per cent to S$28.5 million. Meanwhile,…