Singapore's healthcare real estate investment trust First REIT on Friday said it has completed the acquisition of two Jakarta hospitals. The two new Indonesian healthcare properties include the Mochtar Riady Comprehensive Cancer Centre as well as Siloam Hospitals Lippo Cikarang, a six-storey hospital that began operations in 2002. With these acquisitions, First REIT said it has crossed a significant...
First Reit
Healthcare real-estate investment trust First Reit is launching a rights issue to partly finance its acquisition of two Indonesian hospitals. The trust said on Tuesday it would raise some S$172.8 million in gross proceeds through the issuance of about 345.6 million new units. The rights issue is offered to unitholders on a pro-rata basis of five rights units for every four existing units at a price of 50...
First Real Investment Trust, or First Reit, says its fiscal second quarter distribution per unit was 1.92 Singapore cents. This was unchanged from the DPU posted in the year ago period. Meanwhile, distributable income for the quarter rose 0.4 per cent year on year to S$5.3 million. And its net property income gained 0.7 per cent to S$7.5 million, excluding deferred rental income of property under asset...
Healthcare real estate investment trust First Reit has reported slightly higher distribution for its unitholders in the first quarter. For the first quarter ended March, its distribution per unit or DPU was 1.9 cents, up 1.1 per cent from the year-ago period. Distributable income came in at S$5.24 million dollars, 1.3 per cent higher than last year figures of S$5.18 million dollars. Net property income...
Healthcare real estate investment trust, First REIT, reported Friday that its fourth quarter and full year distribution was little changed. Its distribution per unit (DPU) for the fourth quarter was 1.92 Singapore cents, just one per cent lower than the 1.94-cent DPU announced over the same period a year ago. For the full year, DPU was unchanged at 7.62 Singapore cents. In terms of its net property...
First Real Estate Investment Trust or First REIT said that it has terminated the option agreement to buy a property at Tuas View Lane from Tech-Link Storage Engineering. The sale and leaseback deal was to be completed by end last year but the two parties were unable to agree on the purchase price and leaseback terms. The option fee will be refunded to HSBC Institutional Trust Services as trustee of the...
Healthcare real estate investment trust First Reit says it is enhancing its existing Adam Road Hospital. It says it will collaborate with Health Promise, the tenant of Adam Road Hospital, and Pacific Healthcare for the enhancement. First Reit will revamp Adam Road Hospital and turn it into a modern 3-storey purpose built cancer hospital with a basement. The new building will have a gross floor area of...
First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust, today reported that its distributable income for the third quarter ended 30 September 2009 amounted to $5.22 million, or 0.8% lower than the $5.26 million in the corresponding period last year. Correspondingly, 3Q 2009 distribution per unit (DPU) remained steady at 1.90 cents. Based on its closing...
DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...
Healthcare real estate investment trust, First Reit, on Thursday reported a 0.5 per cent increase in its distribution per unit (DPU) for the second quarter. For the quarter ended in June, its DPU was 1.92 cents, higher than the 1.91 cents announced over the same period last year. Distributable income for the period rose 1.5 per cent to S$5.3 million. Going forward, First Reit said healthcare demand...