First REIT FY 2011 Results Analysis

First REIT announced its FY 2011 results on 26th January 2012. The gross revenue increased 78.4% from $30.3 million in FY2010 to $54.0 million in FY2011. The distributable amount more than doubled at 105.8% from the previous year. This is due to the divestment gains from Adam Road property and first-time contributions from two new hospitals … Continue reading First REIT FY 2011 Results Analysis