First Reit H2 DPU falls 10.3% to S$0.0104 on weaker rupiah and yen
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First Real Estate Investment Trust (Reit) reported a 10.3% decline in its distribution per unit (DPU) for H2 2025, falling to S$0.0104. The full-year DPU also decreased by 8.1% to S$0.0217. Distributable income for H2 dropped 9.3% to S$22 million, while revenue from rental income fell 0.3% to S$50.1 million. The declines were attributed to the depreciation of the rupiah and yen against the Singapore dollar, despite some offset from higher rental income in Indonesia and Singapore. Units of First Reit rose 1.9% to S$0.275 before the results were released.
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