First REIT
First REIT is Singapore's first healthcare real estate investment trust which has a diverse portfolio of yield-accretive healthcare and healthcare-related real-estate assets in Asia.
See below for the Latest First REIT News, Analysis, Profit Results, Share Price Information, and Commentary.
First REIT’S DPU down 3.2% in H1 2024
First REIT’S DPU down 3.2% in H1 2024
The decrease was due to the weak yen and rupiah against the Singapore dollar.
First REIT DPU down 3.2% in Q1
Foreign exchange rates and interest rates impacted First REIT’s financials in the first quarter of 2024.
First REIT’s DPU slips 6.1% YoY to $0.0248 in FY23
The REIT attributed the decline to higher financing costs, amongst others.
First Reit DPU down 6.1% in 9M
The current distribution per unit (DPU) declined to 1.86 cents.
First REIT posts lower net property income of $52.4m in 1H23
The REIT’s NPI fell 0.6% YoY.
First REIT net property income up 2.7% YoY to $25.8m in Q1 2023
This is supported by the full quarter contribution of its Japanese nursing homes.
First REIT's net property income jumps 40.1% YoY to $79.08m in 9M22
The increase was due to the contributions from acquisitions in Japan.
First REIT acquires 2 properties in Japan for $25.4m
The acquisitions are DPU accretive to unitholders on a pro forma basis.
First REIT commences buyback of S$60m perpetual securities
The REIT will pay 70% the principal amount and pay any unpaid distribution.
First REIT mulls divestment of Siloam Hospitals Surabaya for $40.9m
The agreed property value translates to a capital gain of 143.2%
First REIT prices $100m of healthcare social bonds at 3.25%
The bonds will be issued on or around 7 April.
First REIT’s net income rises 29.4% to $100.2m in FY2021
Despite this, the REIT’s DPU dropped 37.1%.
First REIT gets green light to acquire 12 nursing homes in Japan
About 98.45% of unitholders voted in favour of the acquisition.
First REIT recommends voting for Japan nursing homes acquisition
They also endorsed the settlement of terminated development works.
Which stocks generated most gains in the first half?
The top 10 constituents of the FTSE ST All-Share Index had a combined turnover close to $40m daily.
First REIT DPU up 14.3% in 4Q13 as revenues surged
Gross revenue up an impressive 44.5%.
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