Monday, 26 July 2010 18:38
First REIT’s manager, Bowsprit Capital Corporation Limited, today reported a 0.4% improvement in its second-quarter (2Q 2010) distributable income to $5.3 million for the period ended 30 June 2010.
Taking into account the deferred rental income from the Pacific Cancer Centre @ Adam Road which is currently under development, from April to June this year, First REIT’s gross revenue grew by 4.6% to $7.8 million, due mainly to higher rental income from its Indonesia properties.
