First Real Estate Investment Trust (First REIT)

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

Broker's Calls

Good quality assets for First REIT but master lease renewal overhang remains: Phillip

SINGAPORE (Oct 9): First REIT is supported by tertiary hospitals that provide highly specialised consultative care and handle complex cases.

Broker's Calls

First REIT’s 1Q results come in line with CGS-CIMB, OCBC’s expectations

SINGAPORE (Apr 12): CGS-CIMB Securities is maintaining First REIT at “add” with a target price of $1.20 given 1Q19 results held no surprises.

Results

First REIT posts unchanged 1Q DPU of 2.15 cents on the back of stable distributable income

SINGAPORE (Apr 10): Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), reported a distribution per unit (DPU) of 2.15 cents for the 1Q19 ended March, unchanged from a year ago.

Results

First REIT posts 0.5% higher 3Q DPU of 2.15 cents, manager sees potential acquisition as key to growth

SINGAPORE (Oct 16): The manager of First Real Estate Investment Trust (First REIT) has declared a 3Q18 distribution per unit (DPU) of 2.15 cents, which 0.5% higher than its DPU of 2.14 cents in the same quarter a year ago.

M&A

OUE Lippo Healthcare to acquire stakes in First REIT, manager for $142 mil; to be funded via rights issue

SINGAPORE (Sept 18): OUE Lippo Healthcare (OUELH), the healthcare subsidiary of OUE, announced Tuesday it plans to acquire stakes in SGX-listed First Real Estate Investment Trust (First REIT) as well as its manager, Bowsprit Capital Corporation, for a tot

Results

First REIT posts marginally higher 1Q DPU of 2.15 cents on new acquisitions, higher rents

SINGAPORE (Apr 17): The manager of First Real Estate Investment Trust (First REIT) has posted a distribution per unit (DPU) of 2.15 cents for the 1Q ended March, some 0.5% higher than DPU of 2.14 cents a year ago.

Results

First REIT ends FY17 with record DPU of 8.57 cents

SINGAPORE (Jan 17): Bowsprit, the manager of First Real Estate Investment Trust (First REIT), reported record annualised DPU of 8.57 cents for FY17, up 1.2% compared to FY16.

Results

First REIT's 3Q DPU up 0.9% to 2.14 cents

SINGAPORE (Oct 23): The manager of First Real Estate Investment Trust (First REIT) has reported a 0.9% rise in distribution per unit (DPU) to 2.14 cents for the 3Q ended September, from 2.12 cents a year ago.

Property

Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

SINGAPORE (Oct 16): Lippo Malls Indonesia Retail Trust (LMIRT) is acquiring two malls from its sponsor for $110 million.
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