It reported a lower rental income of $25.4 million for 1QFY2025, down 2.8% y-o-y. Consequently, distributable amount came in 2.2% y-o-y lower at $12.2 million.
The manager of First REIT has reported a distribution per unit (DPU) of 0.58 cents for the 1QFY2025 ended March 31, 2025, down 3.3% y-o-y.
The REIT's net property and other income for the reporting period came in 2.8% y-o-y lower at $24.6 million.
