First REIT has taken a battering during 1H2020 as Covid-19 ravages property markets. Rent reliefs to beleaguered tenants and uncertainty over master leases have done the trust no favours. Still, CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei have reiterated their “add” call on the counter due to its attractive dividend potential and geographical diversification. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply