First REIT's (SGX:AW9U) distribution per unit or DPU fell by 8.1% in 2025 to SG$0.0217 from SG$0.0236 a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the REIT were down nearly 2% in Friday trading.
Distributable amount fell by 7.1% to SG$45.8 million from SG$49.3 million a year ago.
Net property and other income dropped by 1.1% to SG$97.3 million from SG$98.5 million in the year-ago period.
Rental and other income was down 1.6% year over year to SG$100.5 million from SG$102.2 million, mainly due to the weakening of the Indonesian Rupiah and Japanese Yen.
The REIT booked a 100% committed occupancy and a WALE of 10 years.
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