Friday, January 22, 2010

First REIT 4Q DPU 1.92 Cents

Bowsprit Capital Corporation Limited ("Bowsprit"), the Manager of First Real Estate Investment Trust ("First REIT"), Singapore’s first healthcare real estate investment trust, today reported a stable distributable income of S$5.3 million for the fourth quarter ended 31 December 2009 ("4Q 2009") – similar to that achieved last year.

4Q 2009 distribution per unit ("DPU") remained steady at 1.92 Singapore cents. Based on its closing price of S$0.860 on 20 January 2010 and the annualised DPU of 7.62 Singapore cents, First REIT registered a healthy distribution yield of 8.86% for the period.

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