First REIT reports 1QFY2024 DPU of 0.6 cents, 3.2% lower y-o-y

The manager of First REIT has reported a distribution per unit (DPU) of 0.6 cents for the 1QFY2024 ended March 31, 3.2% lower y-o-y.

Rental and other income for the quarter fell by 2.7% y-o-y to $26.1 million due to a stronger Singapore dollar (SGD) against the Indonesia rupiah (IDR) and Japanese yen (JPY) but offset by higher rental income in local currency terms from Indonesia and Singapore. Japan recorded stable income for the quarter.