New acquisitions drive First Reit's Q1 growth, DPU up 2.4%
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
NEW acquisitions helped lift healthcare trust First Reit's (real estate investment trust's) distributable income by 6.2 per cent year-on-year to S$16.2 million for the first three months of the year.
In a filing to the local bourse on Monday, Bowsprit Capital Corporation Limited, the trust's manager, said this translates to a distribution per unit (DPU) of 2.11 Singapore cents in the first quarter, up 2.4 per cent year- on-year. This will be paid on May 30.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
