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First REIT
Billion Dollar Club 2022
Frasers Logistics & Commercial Trust tops REIT sector; Parkway Life REIT and Mapletree Industrial Trust win too
The value of the assets under the REIT has increased threefold over a five-year period, from $1.6 billion at IPO to $7.3 billion
November 10, 2022
REITs
First REIT acquires two nursing homes in Japan for $26.3 mil
The acquisitions will be fully funded by debt, and are expected to be accretive to the REIT’s DPU.
September 21, 2022
SGX Research Series: 10 in 10
First REIT balances growth and security
First REIT makes consistent quarterly distributions with a payout ratio of 100%
August 23, 2022
Results
OUE's 1H earnings up almost threefold, trades at P/NAV of 0.30x
OUE almost triples net profit boosted by Hilton Singapore Orchard and Crowne Plaza Changi Airport, price trades at 0.30x P/NAV
August 10, 2022
M&A
First REIT divests Siloam Hospitals Surabaya for $40.9 mil
First REIT divests Siloam Hospitals Surabaya for $40.9 mil
May 19, 2022
REITs
First REIT refinances $100 million loan with guaranteed bond at 3.25%
First REIT refinances $100 million loan with guaranteed bond, guaranteed by CGIF which is rated AA by S&P
March 31, 2022
REITs
First REIT unveils new growth strategy; announces acquisition of 12 Japan nursing homes for JPY24.2 bil
The acquisition marks First REIT's maiden foray into the Japan nursing home market.
December 08, 2021
Right Timing
First REIT’s price surge readies it for acquisitions in Myanmar, China or Japan
First REIT's price surge could ready it for acquisitions in Myanmar, China or Japan.
November 25, 2021
Results
First REIT declares 41.4% lower 9MFY2021 DPU on rights issue and rental reliefs
The 9MFY2021 DPU decline is mainly due to the issuance of 791 million rights units on Feb 24.
October 26, 2021
Right Timing
With ParkwayLife REIT at new highs, will traders choose First REIT?
Traders may prefer First REIT to ParkwayLife REIT because the latter is at new highs, and First REIT may offer some volatility.
July 15, 2021