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First REIT DPU Down 13% in H1

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First Real Estate Investment Trust's (SGX:AW9U) distribution per unit (DPU) fell 13% in the first half of the year to SG$0.0098 from SG$0.0113 a year earlier, according to a Wednesday filing with the Singapore Exchange.

Distributable amount declined by 13% to SG$20.8 million from SG$23.8 million a year ago.

Net property and other income dropped 8.1% to around SG$45 million from SG$48.9 million a year earlier.

Rental and other income was down 8.3% year over year to SG$46.3 million from SG$50.5 million.

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