First Real Estate Investment Trust (First REIT)

The aggregate value of the renewed agreement is $1.8 million.

Including the latest social loan, social loans and debts will comprise about one quarter of the REIT’s debts.

Following the sale, First REIT will have 30 properties across Asia in its portfolio, including 15 properties in Indonesia.

The bonds are the first-ever healthcare social bond in Singapore.

Units in First REIT closed 0.5 cent lower or 1.64% down at 30 cents on Feb 24.

DPU for the 4QFY2021 stood at 0.66 cents.

Following the moves, the REIT has no refinancing requirements till 2022.

Unitholders can expect to receive their distributions on March 24.

The manager of First REIT announced Monday night that it expects the REIT’s distribution per unit (DPU) for 1H20 to decline by 40% to 50% from the 4.30 cents posted in 1H19.

Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), has reported a distribution per unit (DPU) of 1.86 cents for the 1Q2020 ended March, down 13.5% y-o-y, as the REIT’s unit base has grown bigger.