Company briefs :First Real Estate Investment Trust

First Real Estate Investment Trust

First Real Estate Investment Trust posted a 2.5 per cent rise in distribution per unit (DPU) to 2.09 cents for the fourth quarter, thanks to maiden contributions from new properties and higher turnover from Indonesia and Singapore.

This brought full-year DPU for the healthcare real estate investment trust to 8.30 cents, a 3.1 per cent gain over the preceding year.

Distributable income for the three months ended Dec 31 edged up 5 per cent to $15.7 million on the back of a 7.4 per cent rise in gross revenue to $25.7 million, and a 7.9 per cent increase in net property income to $25.4 million.

The results for this quarter include the full-quarter contribution from Siloam Sriwijaya Hospital, acquired in December 2014, and maiden contributions from the trust's latest properties, Siloam Hospitals Kupang and Lippo Plaza Kupang.

Net asset value per unit increased to 103.88 cents as at Dec 31 last year, up from 101.81 cents on the same date in 2014.

Keppel Telecommunications & Transportation

Data centre and logistics provider Keppel Telecommunications & Transportation reported fourth-quarter net profit of $44.5 million, a 77.6 per cent plunge over the corresponding period a year ago.

This is mainly because the company divested two data centre properties to Keppel DC Reit in December 2014, which contributed to a one-off increase in earnings back then.

Revenue for the three months ended Dec 31 was $52.6 million, down 25.8 per cent over the corresponding period a year ago.

This brought full-year net profit to $91.5 million, down 62.9 per cent over the preceding year, while full-year revenue was 10.7 per cent lower at $200.6 million.

Earnings per share for the fourth quarter was 8 cents, from 35.8 cents in the same quarter a year ago.

Earnings per share for the full year came in at 16.5 cents.

Net asset value per share was $1.30 at the end of last year, up from $1.27 the preceding year.

The company is recommending a final dividend of 3.5 cents per share, for approval by shareholders at the next annual general meeting.

A version of this article appeared in the print edition of The Straits Times on January 20, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe