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First REIT's DPU Falls 4.3% in January-September

MT Newswires
Oct 31, 2024

First REIT's (SGX:AW9U) distribution per unit or DPU fell 4.3% in the first nine months of the year to SG$0.0178 from SG$0.0186 a year ago, a filing with the Singapore Exchange said on Wednesday.

Distributable amount came in at SG$37.0 million, down 3.4% from SG$38.4 million in the year-ago period.

Net property and other income was down 6% year over year to SG$74.4 million from SG$79.1 million, while rental and other income slipped 5.3% on year to SG$77.0 million from SG$81.4 million.

The decline was attributed to the depreciation of the Japanese Yen and Indonesia Rupiah against the Singapore Dollar.

The trust also reported a DPU of SG$0.0058 for the third quarter ended Sept. 30, which will be paid on Dec. 20.

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