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First Real Estate Investment Trust (First REIT)
Broker's Calls
OCBC keeps ‘buy’ call on First REIT with unchanged TP of 28 cents following 1HFY2024 results
In 1HFY2024, the REIT’s rental and net property income dipped 3.7% and 4.1% y-o-y to $52 million and $50.3 million, respectively.
July 29, 2024
Broker's Calls
PhillipCapital initiates ‘buy’ on First REIT with TP of 30 cents
The analyst forecasts a distribution per unit (DPU) of 2.36 cents and 2.51 cents for FY2024 and FY2025.
July 09, 2024
Results
First REIT reports 1QFY2024 DPU of 0.6 cents, 3.2% lower y-o-y
Unitholders will receive their DPUs on June 21.
April 24, 2024
Broker's Calls
Brokers’ Digest: DBS, First REIT, RH Petrogas, Thomson Medical Group, Riverstone Holdings, Delfi
See what the analysts have to say this week.
March 30, 2024
Broker's Calls
Analysts take closer look at First REIT after site visit; Lim & Tan keeps ‘accumulate’ call
Lim & Tan Securities has also maintained its target price estimate at 30 cents.
March 26, 2024
Results
First REIT FY2023 DPU down 6.1% y-o-y to 2.48 cents
The REIT reported a DPU of 0.62 cents for 4QFY2022, unchanged from the three preceding quarters.
February 20, 2024
Results
First REIT reports 9MFY2023 DPU of 1.86 cents, 6.1% lower y-o-y
The REIT’s 3QFY2023 DPU of 0.62 cents stood stable for the past two quarters. The DPU will be paid out on Dec 22.
November 01, 2023
Insider moves
First REIT’s independent director acquires 796,900 units at 21 cents each
Units in First REIT closed flat at 21.5 cents on Sept 19.
September 19, 2023
REITs Report 2023
First REIT’s strategic journey: balancing growth, stability and commitment to do good
Since its “2.0 Growth Strategy” announcement, the REIT has made good on its efforts to transform itself.
September 14, 2023
Broker's Calls
Lim & Tan keeps ‘buy’ call on First REIT as it sees it benefitting from Siloam’s strong performance
Lim & Tan's Chan En Jie has kept his target price at 30 cents.
August 04, 2023