First REIT’s DPU tumbles 13.8% as currency headwinds bite

Data from First REIT's latest disclosure has been updated into the Singapore REITs table.

First REIT posted a 13.8% year-on-year decline in its distribution per unit for the first quarter ended 31 March 2026, as the depreciation of the Japanese Yen and Indonesian Rupiah against the Singapore Dollar weighed heavily on its financial performance across all key metrics.

The REIT’s DPU fell to SGD0.0050 in 1Q 2026 from SGD0.0058 in the same period a year earlier, and was also 3.8% lower than the SGD0.0052 recorded in 4Q 2025.