Shares & Derivatives
First REIT: DPU of 0.7c.
By A Singaporean Stockmarket Investor (ASSI)  •  January 24, 2013
First REIT issued 30,900,000 new units last November at 95c each to help pay for a couple of acquisitions in Indonesia. An advance distribution of 1.02c was paid for the period 1 Oct to 25 Nov. The DPU of 0.7c announced is for the period 26 Nov to 31 Dec.
The management expressed confidence that contributions from the two new properties would boost the REIT's net property income in 2013. The full impact would be felt from 1Q 2013 which means that we would be able to tell in the next quarterly report if DPU would see a substantial increase. When I blogged about the private placement in November, I was concerned that we would see a reduction in DPU, post placement, using the pro forma numbers provided by the management then.
Now, it seems that, apart from the maiden contributions from its two recent acquisitions in Indonesia, the REIT enjoyed higher rental ......
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By A Singaporean Stockmarket Investor (ASSI)
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