Key Points
- DPU for the reporting quarter came in at 1.58 cents compared to 1.90 cents in 1Q 2010 as a result of the rights issue in December 2010, whereby the number of units in issue increased from 276 million in 1Q 2010 to 625 million.
- On an annualised basis, DPU was higher than the forecast of 6.40 cents in projection year 2011 as provided in the Circular dated 10 November 2010. Distribution yield stood at 8.66% based on First REIT’s closing price of S$0.74 on 18 April 2011.
- Maiden contributions from newly acquired Mochtar Riady Comprehensive Cancer Centre and Siloam Hospitals Lippo Cikarang.
- The Books will close from 5pm on 29 April 2011 for the purpose of determining Unitholders’ entitlement to the distribution.
- The distribution will be paid on 30 May 2011.
- Gearing of 13.8% as at 31 Mar 2011.
- NAV per unit of 78.25 cents as at 31 Mar 2011.
The quarterly DPU of 1.58 cents will be paid on 30 May 2011. Book closure is on 29 Apr 2011.
The DPU was 0.87 cents in the previous quarter.
Note that the DPU for the reporting quarter is significantly higher than the previous quarter because of the maiden contribution from the newly acquired Mochtar Riady Comprehensive Cancer Centre and Siloam Hospitals Lippo Cikarang on 31 Dec 2010. Compared year-on-year to the DPU of 1.90 cents in Q1 2010, DPU of 1.58 cents for the reporting quarter is lower as a result of the rights issue in December 2010, whereby the number of units in issue increased from 276 million in 1Q 2010 to 625 million.
Related Posts
- Results Release
- DPU Information Page
- First Reit Q3 2010 Quarterly Earnings Report
- First Reit Q4 2010 Quarterly Earnings Report
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