First Reit

Distributable income for the half-year is down 9.3% at S$22 million

Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year

Manager believes it is prudent to continue to have in place a short-term lease in line with market terms while its strategic review continues

Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal

Rental and other income for H1 2025 falls 2.9% to S$50.5 million from S$52 million

Distributable income slips 2.2% to S$12.2 million

Distributable income for the second half declines to S$24.3 million – a 6.4% decrease from the corresponding period a year before

The private healthcare player operates the trust’s healthcare properties in the country

Its manager also flags outstanding rent payments