First REIT says that the decline was largely due to the depreciation of the Japanese yen and Indonesian rupiah against the Singapore dollar, coupled with the enlarged unit base, an 0.8% increase from the year prior, resulting from the issuance of units for payment of management fee to the manager of the REIT.
First REIT has reported a lower distribution per unit (DPU) for the FY2024 ended Dec 31, 2024 of 2.36 cents, a 4.8% y-o-y decrease.
The 4QFY2024 DPU came in at 0.58 cents, consistent with the previous quarter, but 3.3% lower compared to 1QFY2024 and 2QFY2024’s DPU of 0.60 cents.
