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First REIT
REITs
Investors adjust to higher gearing levels
Increasingly, REITs' gearing levels are creeping higher following the raising of the gearing cap to 50% by the regulator
May 21, 2021
Results
First REIT declares 65% lower 1Q21 DPU of 0.65 cents on master lease restructuring and rights issue
Distributable income fell 31% y-o-y largely due to restructured master lease agreements for 14 Indonesian hospitals.
May 05, 2021
REITs
OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale
OUE Commercial REIT's DPU declined by 26.6% y-o-y to 2.43 cent in FY2020, translating into a yield of 6.39%.
January 28, 2021
REITs
For First REIT investors, it is either restructure or default
First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.
January 15, 2021
REITs
First REIT’s manager says new loan facility conditional on EFR, causing possible flight to quality
First REIT's refinancing depends on a dilutive rights issue, leaving unitholders with little choice but to subscribe.
December 28, 2020
Company in the news
First REIT proposes rights issue of $158.2 mil as debt repayment looms
First REIT says that the proposed rights issue is "critical".
December 28, 2020
REITs
The best and worst REIT transactions of 2020
We look at the three best and three worst REIT deals of 2020 based on accretion, sponsor support, quality of assets
December 18, 2020
Results
First REIT 3Q DPU falls 53% to 1.01 cents on enlarged unit base
Unitholders can expect to receive their payments by Dec 23.
November 11, 2020
REITs
Master leases are sometimes a double-edged sword, only good during lease term
Master leases running down can affect the valuation of a REIT
September 25, 2020
Results
First REIT's 2Q DPU plunge by 79.5% to 0.44 cents
First REIT posts 79.5% plunge in 2Q DPU of 0.44 cent
July 23, 2020