First REIT

SINGAPORE (Nov 8): First REIT has entered into an agreement to acquire Siloam Hospitals Labuan Bajo (SHLB) for $20 million.

SINGAPORE (Oct 21): CIMB is downgrading First REIT to “hold” with a target price of $1.38 after its unit price outperformance. With limited near-term upside and lack of major catalysts, the stock is now expected to perform on par with the rest of the

SINGAPORE (Oct 20): OCBC Investment Research is maintaining its “hold” call on First Real Investment Estate Trust (REIT) with an unchanged fair value of $1.36, despite noting a “steady set of 3Q16 results”.

SINGAPORE (July 15): CIMB Research is maintaining its “add” call on First REIT with a higher target price of $1.38 from $1.33 previously, after its 2Q16 results came in line with the research house’s expectations.