Today, First REIT and Mapletree Industrial Trust (MIT) released results. They make up 5% and 3% of my Singapore stock portfolio respectively. Both of them released excellent results, higher revenues, higher net income and higher dividend payouts this quarter. First REIT is a healthcare REIT which focuses on hospitals and medical centers in Indonesia and Singapore. MIT is a pure play industrial REIT which only invests in Singapore industrial properties.
First REIT FY 2011 Financial Results
Q4 Revenue increased 82% yoy from $7.6 mil to $13.9 mil
Q4 Distributable Income increased 122.9% yoy from $5.4 mil to $12.1 mil (Includes gains from divestment of Adam Rd property of about $8.7mil)
Q4 DPU increased 121.8% yoy from 0.87 to 1.93
FY 2011 Revenue increased 78.4% yoy from $30.2 mil to $54 mil
FY 2011 Distributable Income increased 105.8% yoy ...
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