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First REIT's 2Q DPU plunge by 79.5% to 0.44 cents

Lim Hui Jie
Lim Hui Jie7/23/2020 10:11 AM GMT+08  • 2 min read
First REIT's 2Q DPU plunge by 79.5% to 0.44 cents
First REIT posts 79.5% plunge in 2Q DPU of 0.44 cent
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The manager of First REIT today announced a distribution per unit (DPU) of 0.44 cent for 2Q20 ended June, a 79.5% plunge from the 2.15 cents reported last year.

This brings DPU for 1H20 to 2.3 cents, which represents a 46.5% decline from the 4.3 cents in 1H19.

Distributable income for 2Q20 was $3.5 million, which brings the distributable income for 1H20 to $18.4 million, representing a 46% decline y-o-y.

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