First REIT Q1 DPU Down 65.1%
May 5, 2021 – First REIT announced that its distribution per unit (DPU) for the first three months of the year hit 0.65 Singapore cents, 65.1% lower than the 1.86 Singapore cents DPU in the same quarter last year.
First REIT said the Q1 2021 DPU dipped as a consequence of the issuance of 791,062,223 rights units on 24 February 2021, which are entitled to participate in the 1Q 2021 distribution.
If the new rights units issued are excluded in the distribution computation, the adjusted DPU is 1.27 Singapore cents for 1Q 2021.
The adjsuted DPU is still 31.7% lower than the DPU in 2020.
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