First REIT's (SGX:AW9U) distribution per unit or DPU declined 5.8% in the first half of the year to SG$0.0113 from SG$0.012 a year earlier, according to a Tuesday filing with the Singapore Exchange.
Shares of the company were down nearly 2% in recent trading.
Distributable amount declined by 4.8% to SG$23.8 million from SG$25.0 million a year ago.
Net property and other income dropped 2.7% to SG$48.9 million from SG$50.3 million a year earlier.
Rental and other income was down 2.9% year over year to SG$50.5 million from SG$52.0 million.
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