As the contribution from the divestment of its Adam Road property has run out, First REIT's DPU sees a reduction of 12.5%, quarter on quarter, from 1.92 to 1.68c.
Year on year, however, DPU has improved from 1.58c to 1.68c.
I would say that First REIT has produced sterling results yet again.
Income distribution is payable on 29 November 2012.
See financial statement: here....