Shares & Derivatives
First REIT: Higher quarterly DPU of 2.00c.
By A Singaporean Stockmarket Investor (ASSI)  •  July 16, 2014
First REIT is one of my longest holding investments and currently my second largest investment in an S-REIT.
So, a higher quarterly DPU is going to have a more significant positive impact on passive income received from investments for the full year. The details? A DPU of 2.00c will be paid on 29 August 2014. XD date is 21 July 2014. With full income contribution yet to be realised for the recently acquired Siloam Hospital Purwakarta, DPU in the next quarter could see a slight increase, everything else remaining equal. Gearing is comfortable at 32.9%. Once refinancing of a short term loan facility is completed, First REIT will not have any debt due until 2017. This gives me a peace of mind......
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By A Singaporean Stockmarket Investor (ASSI)
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