The manager of First REIT has declared distribution per unit (DPU) of 1.85 cents for the 2HFY2020 ended December, some 57.0% lower than the DPU of 4.30 cents in 2HFY2019.

4QFY2020 DPU stood at 0.84 cents, while DPU for the FY2020 came in at 4.15 cents, reflecting a 51.7% decline from DPU of 8.60 cents in FY2019.

Rental and other income for the half-year period fell 28.9% y-o-y to $41.0 million. Net property and other income fell 29.4% y-o-y to $39.9 million mainly due to the additional two-month rental relief extended to tenants in Indonesia for September and October 2020.

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