Master leases are sometimes a double-edged sword, only good during lease term

One healthcare REIT each feature in the top five REITs with the highest yields and top five REITs with the lowest yields. PLife REIT’s unit price is up 26% this year, while First REIT’s is down 56%. PLife REIT was admitted into the FTSE EPRA NAREIT Developed Index on Sept 18. On Aug 11, First REIT, in response to queries from the SGX, confirmed its valuations were based on the master leases.