First REIT's (SGX:AW9U) distribution per unit or DPU fell 4.3% in the first nine months of the year to SG$0.0178 from SG$0.0186 a year ago, a filing with the Singapore Exchange said on Wednesday.
Distributable amount came in at SG$37.0 million, down 3.4% from SG$38.4 million in the year-ago period.
Net property and other income was down 6% year over year to SG$74.4 million from SG$79.1 million, while rental and other income slipped 5.3% on year to SG$77.0 million from SG$81.4 million.
The decline was attributed to the depreciation of the Japanese Yen and Indonesia Rupiah against the Singapore Dollar.
The trust also reported a DPU of SG$0.0058 for the third quarter ended Sept. 30, which will be paid on Dec. 20.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.