First REIT's net property income up 8.3% to $24.6m in Q2
On back of contribution from Siloam Sriwijaya.
First REIT, Singapore’s first healthcare real estate investment trust, reported that its net property income grew 8.3% year-on-year to $24.6m in the second quarter.
This came on the back of a 8.5% increase in gross revenue to S$25.0 million, boosted by contribution from Siloam Sriwijaya acquired in December 2014, as well as higher contributions from its Indonesia and Singapore properties.