First REIT

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.
First REIT’s manager announces reset of perps, cites adverse market conditions for non-redemption - THE EDGE SINGAPORE

REITs

First REIT’s manager announces reset of perps, cites adverse market conditions for non-redemption

First REIT announced a reset of its perpetual securities instead of redemption citing adverse market conditions
Investors adjust to higher gearing levels - THE EDGE SINGAPORE

REITs

Investors adjust to higher gearing levels

Increasingly, REITs' gearing levels are creeping higher following the raising of the gearing cap to 50% by the regulator
First REIT declares 65% lower 1Q21 DPU of 0.65 cents on master lease restructuring and rights issue - THE EDGE SINGAPORE

Results

First REIT declares 65% lower 1Q21 DPU of 0.65 cents on master lease restructuring and rights issue

Distributable income fell 31% y-o-y largely due to restructured master lease agreements for 14 Indonesian hospitals.
OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale - THE EDGE SINGAPORE

REITs

OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale

OUE Commercial REIT's DPU declined by 26.6% y-o-y to 2.43 cent in FY2020, translating into a yield of 6.39%.
For First REIT investors, it is either restructure or default - THE EDGE SINGAPORE

REITs

For First REIT investors, it is either restructure or default

First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.
First REIT’s manager says new loan facility conditional on EFR, causing possible flight to quality - THE EDGE SINGAPORE

REITs

First REIT’s manager says new loan facility conditional on EFR, causing possible flight to quality

First REIT's refinancing depends on a dilutive rights issue, leaving unitholders with little choice but to subscribe.
First REIT proposes rights issue of $158.2 mil as debt repayment looms - THE EDGE SINGAPORE

Company in the news

First REIT proposes rights issue of $158.2 mil as debt repayment looms

First REIT says that the proposed rights issue is "critical".
The best and worst REIT transactions of 2020 - THE EDGE SINGAPORE

REITs

The best and worst REIT transactions of 2020

We look at the three best and three worst REIT deals of 2020 based on accretion, sponsor support, quality of assets
First REIT 3Q DPU falls 53% to 1.01 cents on enlarged unit base - THE EDGE SINGAPORE

Results

First REIT 3Q DPU falls 53% to 1.01 cents on enlarged unit base

Unitholders can expect to receive their payments by Dec 23.
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