Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (REIT) posted a 2.5% increase in DPU to 2.09 cents for 4Q15.
This brings the annualized DPU to 8.3 cents, a 3.1% gain compared to the preceding year.
Distributable income for the three months to December edged up 5% to $15.7 million on the back of a 7.4% and 7.9% jump in gross revenue and net property income to $25.7 million and $25.4 million respectively.
For FY2015, the trust registered a 6.4% rise in distributable income to $61.9 million while gross revenue and net property income rose 8% and 8.1% to $100.7 million and $99.3 million respectively.
The growth for the year was attributed to a full year’s contribution from Siloam Sriwijaya which was acquired in December 2014 as well as a maiden contribution from Siloam Hospitals Kupang & Lippo Plaza Kupang acquired in December 2015.
The REIT ended FY2015 with an enlarged portfolio of 17 properties and an 8.5% growth in assets under management to $1.27 billion from $1.17 million.
Units in First REIT ended 2.14% higher at $1.195 today.
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This brings the annualized DPU to 8.3 cents, a 3.1% gain compared to the preceding year.
Distributable income for the three months to December edged up 5% to $15.7 million on the back of a 7.4% and 7.9% jump in gross revenue and net property income to $25.7 million and $25.4 million respectively.
For FY2015, the trust registered a 6.4% rise in distributable income to $61.9 million while gross revenue and net property income rose 8% and 8.1% to $100.7 million and $99.3 million respectively.
The growth for the year was attributed to a full year’s contribution from Siloam Sriwijaya which was acquired in December 2014 as well as a maiden contribution from Siloam Hospitals Kupang & Lippo Plaza Kupang acquired in December 2015.
The REIT ended FY2015 with an enlarged portfolio of 17 properties and an 8.5% growth in assets under management to $1.27 billion from $1.17 million.
Units in First REIT ended 2.14% higher at $1.195 today.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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