First REIT announced its FY 2011 results on 26th February 2012 and I’m pretty impressed with the results.
The gross revenue increased 78.4% from $30.3 million in FY2010 to $54.0 million in FY2011. The distributable amount more than doubled at 105.8% from the previous year. This is due to the divestment gains from Adam Road property and first-time contributions from two new hospitals in Indonesia (Mochtar Riady Comprehensive Cancer Centre and Siloam Hospitals Lippo Cikarang acquired in December 2010) and one new hospital in South Korea (Sarang Hospital acquired in August 2011). The latest distribution per unit 7.01 cents and this gives a yield of 9.1% (using today’s closing price of $0.77). This is commendable as the distribution has beat Singapore’s inflation rate of ...
First REIT announced its FY 2011 results on 26th February 2012 and I’m pretty impressed with the results.
The gross revenue increased 78.4% from $30.3 million in FY2010 to $54.0 million in FY2011. The distributable amount more than doubled at 105.8% from the previous year. This is due to the divestment gains from Adam Road property and first-time contributions from two new hospitals in Indonesia (Mochtar Riady Comprehensive Cancer Centre and Siloam Hospitals Lippo Cikarang acquired in December 2010) and one new hospital in South Korea (Sarang Hospital acquired in August 2011). The latest distribution per unit 7.01 cents and this gives a yield of 9.1% (using today’s closing price of $0.77). This is commendable as the distribution has beat Singapore’s inflation rate of ...
Great achievement