First REIT

REITs

As First REIT's master leases approach 15-year mark, ill winds seen buffeting rental support

SINGAPORE (June 5): On June 1, Lippo Karawaci (LPKR) announced it wanted to restructure its rental support agreements with First REIT.

CoVid-19

Lippo Karawaci to renegotiate rental support with First REIT

SINGAPORE (June 1): PT Lippo Karawaci Tbk (LPKR) said that as a result of the Covid-19 pandemic in Indonesia and its material negative impact on hospital subsidiary Siloam's business, it wants to r

Results

First REIT posts flat 2Q19 DPU of 2.15 cents

SINGAPORE (Aug 5): The manager of First REIT has declared a DPU of 2.15 cents for 2Q19 ended June, unchanged from the same quarter last year. 

In print this week

LMIRT, First REIT under pressure as acquisitions loom

SINGAPORE (Apr 15): Although stresses at Lippo Karawaci have been alleviated, they remain in other parts of the group, which could put pressure on its Singapore-listed real estate investment trusts

Broker's Calls

OUE Lippo Healthcare started at 'buy' on improving earnings visibility

SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per shar

Broker's Calls

More challenges loom for First REIT after completion of ownership restructuring: OCBC

SINGAPORE (Dec 13): OCBC Investment Research is maintaining its “hold” call on First REIT with a lower fair value of $1.05 from $1.34 previously, after factoring in various risks pertaining to the

Corruption probe

Contagion fears from Lippo probe spread to Singaporean bonds

(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.

Indonesia billionaire family reshuffles empire on currency rout

SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.

Broker's Calls

Should unitholders expect more acquisitions to push First REIT's FY18 DPU up?

SINGAPORE (Apr 19): OCBC Investment Research is maintaining its “buy” call on First REIT with an unchanged fair value estimate of $1.48, on expectations of more DPU-accretive acquisitions in the ye

Broker's Calls

First REIT's 1Q earnings get a boost from new acquisitions

SINGAPORE (Apr 18): First REIT yesterday announced that its 1Q18 DPU increased marginally by 0.5% to 2.15 cents compared to 2.14 cents in 1Q17.

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