Basic Profile & Key Statistics
Key Indicators
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Performance Highlight
First REIT reported a YoY decline in gross revenue, NPI, distributable amount, and DPU, primarily due to the depreciation of the Indonesian Rupiah and Japanese Yen against SGD. This was partially offset by higher rental income from Singapore properties. The distributable amount and DPU declined at a lower rate, mainly due to adjustments related to rental straight-lining.
Related Parties Shareholding
REIT Sponsor’s Shareholding: FavorableREIT Manager’s Shareholding: FavorableDirectors of REIT Manager’s Shareholding: Favorable
Lease Profile
Committed Occupancy: FavorableIncome Received in SGD/Major Currencies: Less FavorableHighest Annual Lease Expiry in 4 Years: FavorableWALE: FavorableWeighted Average Land Lease Expiry: Moderate
Debt Profile
Adjusted Interest Coverage Ratio: FavorableCost of Debt: Less FavorableGearing Ratio: ModerateFixed Rate Debt Proportion: Less FavorableUnsecured Debt Proportion: Less FavorableHighest Annual Debt Maturity in 4 Years: Less FavorableWADM: Moderate
Diversification Profile
Top Geographical Weightage: FavorableTop Property Weightage: ModerateTop 5 Properties’ Weightage: FavorableTop Tenant Weightage: ModerateTop 10 Tenants’ Weightage: Less Favorable
Key
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