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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
November 15, 2019
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.
October 09, 2019
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.
April 12, 2019
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.
April 10, 2019
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.
October 16, 2018
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
September 18, 2018
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.
April 17, 2018
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.
January 17, 2018
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.
October 23, 2017
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.
October 16, 2017