SINGAPORE (Oct 19): First Real Estate Investment Trust has posted a 1.9% increase in distribution per unit (DPU) of 2.12 cents for 3Q16, compared to 2.08 cents in the same quarter last year.
Distributable income rose 4.7% to $16.3 million for third quarter ended September, from $15.6 million in the same period last year.
In a filing to SGX on Wednesday, First REIT says this was on the back of contribution from its Kupang property, comprising Siloam Hospitals Kupang and Lippo Plaza Kupang, which was acquired in December 2015.
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