First REIT”s Q1 DPU down 3.3% to $0.0058

NPI dropped 2.8% YoY.

First REIT reported a 2.8% year-on-year (YoY) decline in net profit to $24.6m in Q1 2025

Distribution per unit (DPU) dropped 3.3% to $0.0058 per share, to be paid on 26 June.

DPU has consequently dipped from $0.060 in 1Q 2024, mainly due to currency depreciation and a larger unit base from management fee payments in units.

Rental and Other Income fell 2.8% YoY to $25.4m, mainly due to the depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar, partially offset by higher rental income from properties in Indonesia and Singapore.

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