First REIT has announced a distribution per unit (DPU) of SGD 2.36 cents for the financial year ended 31 December 2024, marking a 4.8% year-on-year decline from SGD 2.48 cents in FY2023.
The results were impacted by currency depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar, alongside an expanded unit base.
Rental and other income fell 5.9% to SGD 102.2 million, while net property and other income dropped 6.5% to SGD98.5 million.
Related: First REIT surges by 3.9% on hope of jettisoning Indonesia assets
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