Monday, January 24, 2011

First REIT

First REIT: Gross revenue at $7.6m -0.2%yoy and Net property income at $7.5 -0.3%yoy, relatively flat yoy. Distributable income increased by 2.8% to $5.4m, full yr at 21.2m +1.0%. On a qoq basis, all revenue and profit figures were stable, deviating less than 1%...

Higher rentals from Indonesian properties was offset by rental deferment from Pacific Cancer Centre DPU adjusted for 31 Dec rights issue increased 2.1%yoy to 1.96c, bringing full yr adjusted DPU to 7.72c +1.3% from prev yr 7.62c. Approx yield is 10.2%.based on last price of $0.76.

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