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First REIT declares 41.4% lower 9MFY2021 DPU on rights issue and rental reliefs

Khairani Afifi Noordin
Khairani Afifi Noordin10/26/2021 6:32 PM GMT+08  • 2 min read
First REIT declares 41.4% lower 9MFY2021 DPU on rights issue and rental reliefs
The 9MFY2021 DPU decline is mainly due to the issuance of 791 million rights units on Feb 24.
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The manager of First REIT has announced a 1.95 cents distribution per unit (DPU) for 9MFY2021, down 41.1% y-o-y from 3.31 cents previously.

The decline is mainly due to the issuance of 791 million rights units on Feb 24, which are entitled to participate in the 1Q, 2Q and 3Q2021 distribution.

Excluding these new rights units issued, the adjusted DPU for 9MFY2021 is 3.83 cents, up 15.7% y-o-y. Meanwhile, the 3QFY2021 ended September DPU is 0.65 cents.

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