First REIT Financial Overview
1Q 2023: Key financial highlights
Note
FINANCIAL HIGHLIGHTS
(S$' MILLION)
1Q 2023
1Q 2022
RENTAL & OTHER INCOME
26.8
25.5
4.9%
NET PROPERTY & OTHER
INCOME
25.8
25.2
2.7%
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
% Change
(Y-o-Y)
Rental and Other Income increased 4.9%
y-o-y to S$26.8 million, largely attributed to:
A full quarter of rental income
contribution from 14 Japan nursing
homes
Higher rental income from built-in rent
increment in Indonesia and in Singapore
Offset by the absence of rental income
from Siloam Hospitals Surabaya and the
depreciation of foreign currencies against
the Singapore Dollar
DPU in 1Q 2023 was 6.1% lower y-o-y mainly
due to higher financing costs and a
depreciation of foreign currencies against the
Singapore Dollar
DISTRIBUTABLE AMOUNT
12.7
11.7
8.3%
TOTAL ISSUED AND ISSUABLE
UNITS (MILLIONS) (1)
2,068.0
2,050.9
0.8%
DPU (CENTS)
0.62
0.66
(6.1%)
(1) Total issued and issuable units include the issuance of 431.1 million Units in early March 2022 to partially fund an acquisition of 12 nursing homes.
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