The lower DPU was attributed to higher financing costs, a depreciation of the Indonesia Rupiah and the Japanese Yen against the Singdollar, and a one-off issuance of 431.1 million units in March 2022 to partially fund an acquisition of 12 nursing homes.
First REIT (SGX:AW9U
) has reported a distribution per unit (DPU) of 0.62 cents for the 4QFY2022 ended Dec 31, 2023, unchanged from the three preceding quarters, and payable on March 28.
This brings the trust’s FY2023 DPU to 2.48 cents, 6.1% lower than the DPU of 2.64 cents in FY2022.
