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First Real Estate Investment Trust (First REIT)
Results
First REIT reports 1HFY2023 DPU of 1.24 cents, 6.1% down y-o-y
Unitholders will receive their DPUs on Sept 25.
August 01, 2023
Broker's Calls
Brokers' Digest: LREIT, Sin Heng Heavy Machinery, Venture Corp, Uni-Asia Group, First REIT, Centurion Corp, DFI Retail
See what the analysts have to say this week.
April 28, 2023
Results
First REIT 1QFY2023 DPU falls 6.1% with higher financing costs, strong Singdollar
The number of total issued and issuable units also grew 0.8% y-o-y to 2.068 billion.
April 25, 2023
Broker's Calls
OCBC Investment Research initiates 'buy' on First REIT, calls it a 'potential defensive addition'
“Based on our fair value, we expect First REIT to return an attractive distribution yield of 9.1% in FY2023,” says analyst Ada Lim
April 24, 2023
Broker's Calls
SAC Capital sees First REIT’s improved risk profile offering sustainable DPU
SAC Capital analyst Yeo Peng Joon has initiated coverage for the REIT with a ‘buy’ call and TP of 30 cents.
April 18, 2023
Results
First REIT reports FY2022 DPU of 2.64 cents, up 1.1%
The REIT’s 4QFY2022 DPU stood stable y-o-y and q-o-q at 0.66 cents.
February 13, 2023
REITs
First REIT renews master lease agreement with Imperial Aryaduta Hotel & Country Club in IPT
The aggregate value of the renewed agreement is $1.8 million.
December 22, 2022
REITs
First REIT secures $16.9 mil social loan from Japan's Shinsei Bank
Including the latest social loan, social loans and debts will comprise about one quarter of the REIT’s debts.
September 29, 2022
REITs
First REIT explains rationale of proposed divestment of Siloam Hospitals Surabaya in response to unitholders' questions
Following the sale, First REIT will have 30 properties across Asia in its portfolio, including 15 properties in Indonesia.
July 19, 2022
REITs
First REIT prices $100 mil guaranteed bonds in aggregate principal amount of 3.25% due 2027
The bonds are the first-ever healthcare social bond in Singapore.
April 01, 2022