Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI declined YoY mainly due to the depreciation of foreign currencies against SGD. Coupled with higher finance costs, distributable amounts and DPU have declined as well. ESG Initiative In 2023, FIRST REIT committed a capex of S$1.12 million for energy-efficient installations for 14 properties. Related Parties Shareholding The REIT sponsor, REIT manager, and directors of the REIT manager hold a relatively high proportion of shareholding. Lease Profile Committed occupancy stands at 100%, with a long WALE and no major lease expiry within 4 years. Additionally, the proportion of income in SGD and major currencies is low. Debt Profile The debt profile presents a mixed picture: there's a relatively high interest coverage ratio, a significant proportion of fixed-rate debt, and a relatively long WADM. However, the cost of debt is high, the proportion of unsecured debt is relatively low, and there's a concentration on debt...