First REIT: Raises base dividends (Q3 2012) | Investment Moats Skip to Content

First REIT: Raises base dividends (Q3 2012)

First REIT announces their third quarter earnings announcements.

Announcements here.

Not much changes in fundamentals but of note is that based dividend will be raised from SGD $0.0156 per quarter to SGD $0.0168. This is good news because they seem to be paying out $0.0156 for a long long time.

Finally we see some rent escalation in the works.

The DPU is lower than last year because last year’s 4 quarters includes capital gains from the sale of Adam Road property.

Shareholders will look forward to income contribution from 2 hospitals bought recently with debts.

Should they do it correctly as compared to LMIR, this should add income and more payout to share holders. Any spread from NPI – debt interest is a win for investors.

Lippo Malls Indonesia (LMIR): Not yield accretive acquisitions
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