21-01-2011, 09:33 PM
First REIT posts 3% jump in 4Q 2010 distributable income; kickstarts FY2011 with two new hospitals
http://info.sgx.com/webcoranncatth.nsf/V...F00368096/$file/First_REIT_4Q_2010_PR_21Jan11.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...F003A42B7/$file/FY_2010_PPT_21Jan11_amended.pdf?openelement [PPT Slides]
http://info.sgx.com/webcoranncatth.nsf/V...F0035D2E5/$file/SGXnet_FY_2010_Q4_-_21Jan11.pdf?openelement [SGX Announcement]
First REIT announced a 0.87 SG cents DPU for 4Q 2010. It also provided a 1.6 SG cents quarterly DPU guidance for FY 2011. Gearing remains low at 17% which leaves significant room for acquisitions in the coming quarters from its sponsor. I expect FR to acquire more hospitals this year to further increase its distributable income and asset base.
The distribution is payable on 28 Feb 2011.
(Vested)
http://info.sgx.com/webcoranncatth.nsf/V...F00368096/$file/First_REIT_4Q_2010_PR_21Jan11.pdf?openelement [Press Release]
http://info.sgx.com/webcoranncatth.nsf/V...F003A42B7/$file/FY_2010_PPT_21Jan11_amended.pdf?openelement [PPT Slides]
http://info.sgx.com/webcoranncatth.nsf/V...F0035D2E5/$file/SGXnet_FY_2010_Q4_-_21Jan11.pdf?openelement [SGX Announcement]
First REIT announced a 0.87 SG cents DPU for 4Q 2010. It also provided a 1.6 SG cents quarterly DPU guidance for FY 2011. Gearing remains low at 17% which leaves significant room for acquisitions in the coming quarters from its sponsor. I expect FR to acquire more hospitals this year to further increase its distributable income and asset base.
The distribution is payable on 28 Feb 2011.
(Vested)
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