Tuesday, Apr 21, 2015Tuesday, Apr 21, 2015

First Reit posts highest quarterly DPU since listing

Published on Jul 15, 2014 8:25 PM

SINGAPORE - Healthcare real estate investment trust First Reit turned in a stellar set of second-quarter results on Tuesday, lifted mainly by its hospitals in Indonesia.

The reit, which owns properties in Indonesia, Singapore and South Korea, posted a distribution per unit (DPU) of two cents for the three months to June 30.

This was 8.1 per cent higher than in the preceding year. It was also the reit's highest DPU since it listed in December 2006, the reit manager said in a statement on Tuesday.

Its properties in Singapore include the Pacific Healthcare Nursing Home @ Bukit Merah, Pacific Healthcare Nursing Home II @ Bukit Panjang and The Lentor Residence.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!