First REIT's property in Singapore, Pacific Healthcare nursing home in Bukit Merah (Photo: REITsWeek)First REIT's property in Singapore, Pacific Healthcare nursing home in Bukit Merah (Photo: REITsWeek)

Data from First REIT’s latest disclosure have been updated into the Singapore REITs table.

First REIT’s distribution per unit (DPU) for 1H 2021 was reported on 29 July at 1.30 Singapore cents, a fall of 43.5% compared to 2.30 Singapore cents in 1H 2020.

The REIT has attributed the fall largely to an enlarged unit base resulting from the 98-for-100 rights issue done in February 2021.

For the period under review, the healthcare REIT’s rental and other income rose 0.9% y-o-y to SGD38.9 million from SGD38.6 million in 1H 2020.

Meanwhile net property and other income grew 0.2% to SGD37.6 million from SGD37.5 million in 1H 2020.

The REIT’s full disclosure on the results can be viewed here.

First REIT was last done on the Singapore Exchange (SGX) at SGD0.265, which currently implies a distribution yield of 9.81% according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.