---
title: "First Reit's performance affected by currency depreciation, with first-quarter distribution per unit falling 13.8% to 0.50 cents | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283846981.md"
description: "First REIT's distribution per unit for the first quarter fell by 13.8% year-on-year to 0.50 cents, mainly affected by currency depreciation and an expanded unit base. The distributable income decreased by 12.5% year-on-year to SGD 10.6 million. The trust's rental and other income for the first quarter decreased by 8.4% year-on-year to SGD 23.2 million, while net real estate and other income fell by 8.3% year-on-year to SGD 22.5 million. The decline in income was mainly due to losses from the sale of the Empire Aiyaduta Hotel and Country Club, as well as the depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar. The trust will distribute dividends on June 26, with the stock registration deadline set for May 8"
datetime: "2026-04-23T13:47:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283846981.md)
  - [en](https://longbridge.com/en/news/283846981.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283846981.md)
---

# First Reit's performance affected by currency depreciation, with first-quarter distribution per unit falling 13.8% to 0.50 cents | Lianhe Zaobao

First REIT's first-quarter distribution per unit fell 13.8% year-on-year to 0.50 cents, while distributable income decreased 12.5% year-on-year to SGD 10.6 million.

First REIT noted on Thursday (April 23) when releasing its first-quarter results that the decline in distribution per unit was primarily due to currency depreciation and an increase in the number of units. The increase in the number of units was due to the trust issuing units to the manager to pay management fees.

#### Extended Reading

First REIT's annual distribution per unit fell 8.1% Stock Commentary: First REIT

The trust's rental and other income fell 8.4% year-on-year to SGD 23.2 million, while net real estate and other income decreased 8.3% year-on-year to SGD 22.5 million. The decline in rental and other income was mainly due to the loss of income from the sale of the Imperial Aryaduta Hotel & Country Club, as well as significant depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar.

It will distribute dividends on June 26, with the stock registration deadline on May 8.

First REIT's stock price closed flat at SGD 0.24 on Thursday

### Related Stocks

- [AW9U.SG](https://longbridge.com/en/quote/AW9U.SG.md)

## Related News & Research

- [The Limits of Limit Orders in Retail FX/CFD Trading](https://longbridge.com/en/news/287126072.md)
- [How to Read the COT Report to Track Forex Market Sentiment](https://longbridge.com/en/news/286848676.md)
- [Why the US dollar is losing its shine — and 4 ways it’ll shape your spending](https://longbridge.com/en/news/287098191.md)
- [Assessing Shizuoka Financial Group (TSE:5831) Valuation After FY 2026 Results And Board Leadership Review](https://longbridge.com/en/news/286786560.md)
- [Marcus & Millichap Releases New Single-Tenant Retail Reports as Industry Gathers at ICSC Las Vegas | MMI Stock News](https://longbridge.com/en/news/286964646.md)