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 DPU drops 8.1% in 2025 on weaker rupiah and yen
First REIT DPU drops 8.1% in 2025 on weaker rupiah and yen
DPU stood at 2.17 cents during the year.
First REIT cites weak foreign exchange rates for 9M income drop
The firm’s investment decreased to $1.07b from $1.12b due to weakening Rupiah, Yen against Singapore Dollar.
First REIT renews short-term lease for Siloam Hospitals Lippo Cikarang
Extension sustains rental income as trust reviews Indonesian healthcare portfolio.
First REIT”s Q1 DPU down 3.3% to $0.0058
NPI dropped 2.8% YoY.
First REIT Trust’s DPU down 4.8% YoY in FY2024
The total distributable amount fell by 4.1% YoY.
Siloam signals interest in First REIT’s Indonesia hospital assets
Siloam currently operates the hospital assets.
First REIT renews lease for Imperial Aryaduta Hotel
The annual rent was set at 22 billion Rupiah.
First REIT's net property income drops 6.0% YoY in 9M 2024
The REIT attributed the decline to the yen and rupiah's depreciation against SGD.
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.
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